Is Scenic Woods, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scenic Woods is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Scenic Woods was a Seller's Market.

Key Takeaway

Scenic Woods is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Scenic Woods, TX

How much do homes in Scenic Woods, TX cost?

Median Sold Price

$176,500

$142/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$33,400(-15.9%)

Key Takeaway

Homes in Scenic Woods have sold for 15.9% less than they did a month ago.

Summary: The median home sold price in Scenic Woods was $176,500 in October 2024, down 15.9% from last month, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$187.5K
N/A
3 $110K$176.5K
+60.5%
4 $209.9K-
N/A
5+ $290K-
N/A

Summary: Scenic Woods housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 60.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Scenic Woods, TX

How many homes are available in Scenic Woods, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3753+43.2%

Summary: The Scenic Woods real estate market had 53 homes for sale in October 2024, a 43.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 2839
+39.3%
4 39
+200.0%
5+ 21
-50.0%

Summary: The Scenic Woods housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 39.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scenic Woods, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Scenic Woods in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.

Days on Market for Scenic Woods, TX

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

Average Sale Time

Sep 2024Oct 2024CHANGE
60 Days37 Days-38.6%

Summary: Homes in Scenic Woods had an average of 37 days on market in Oct 2024, down by 38.6% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 8 homes were sold in Scenic Woods; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 23 Days Ago

Newest Listings in Scenic Woods, TX

Nearby Markets to Scenic Woods, TX