Is Rough Hollow, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rough Hollow is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Rough Hollow was a Neutral Market.

Key Takeaway

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

Housing Prices in Rough Hollow, TX

How much do homes in Rough Hollow, TX cost?

Median Sold Price

$924,995

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$19,995(+2.2%)

Key Takeaway

Homes in Rough Hollow have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Rough Hollow was $924,995 in December 2024, up 2.2% from last year, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$259K
N/A
2 $649K$675K
+4.0%
3 $586.7K$720K
+22.7%
4 $900K$855K
-5.0%
5+ $1.1M$1.4M
+31.4%

Summary: Rough Hollow housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 22.7%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 31.4%.

Housing Supply in Rough Hollow, TX

How many homes are available in Rough Hollow, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6461-4.7%

Summary: The Rough Hollow real estate market had 61 homes for sale in December 2024, a 4.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 24
+100.0%
2 22
0.0%
3 1410
-28.6%
4 2120
-4.8%
5+ 2525
0.0%

Summary: The Rough Hollow housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rough Hollow, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Rough Hollow in December 2024, down by 22.2% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.

Days on Market for Rough Hollow, TX

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

Average Sale Time

Dec 2023Dec 2024CHANGE
169 Days179 Days+6.2%

Summary: Homes in Rough Hollow had an average of 179 days on market in Dec 2024, up by 6.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Rough Hollow are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 7 homes were sold in Rough Hollow; 14% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 57% 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 2 Days Ago

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