Is Poteet, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Poteet is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Poteet has remained a Buyer's Market.

Key Takeaway

Poteet is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Poteet, TX

How much do homes in Poteet, TX cost?

Median Sold Price

$323,450

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,500(+2.4%)

Key Takeaway

Homes in Poteet have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Poteet was $323,450 in November 2024, up 2.4% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $36K$193.5K
+437.5%
2 $160K$225K
+40.6%
3 $304.9K$338.5K
+11.0%
4 $369K$369K
0.0%
5+ --
N/A

Summary: Poteet housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 437.5%, 2 bedroom homes increased by 40.6%, 3 bedroom homes increased by 11%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Poteet, TX

How many homes are available in Poteet, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4446+4.5%

Summary: The Poteet real estate market had 46 homes for sale in November 2024, a 4.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 32
-33.3%
3 1720
+17.6%
4 1617
+6.3%
5+ 55
0.0%

Summary: The Poteet housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Poteet, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Poteet in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.

Days on Market for Poteet, TX

How long does it take to sell a home in Poteet, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days92 Days+255.1%

Summary: Homes in Poteet had an average of 92 days on market in Nov 2024, up by 255.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Poteet are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in Poteet; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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