$8,301 Closing Credit*
$699,000
2,654 SqFt
3 Beds
•2 Full Baths, 1 Partial
Feiyun Cheng, Listing Office: RE/MAX Fine Properties
Is Seven Meadows, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Seven Meadows has remained a Seller's Market.
Key Takeaway
Seven Meadows is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Seven Meadows, TX
How much do homes in Seven Meadows, TX cost?
Median Sold Price
$599,500
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,500(+7.4%)
Key Takeaway
Homes in Seven Meadows have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Seven Meadows was $599,500 in October 2024, up 7.4% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $394K | $450K | +14.2% |
| 4 Bedrooms | $550K | $575K | +4.5% |
| 5+ Bedrooms | $880K | $1.0M | +16.5% |
Summary: Seven Meadows housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Seven Meadows | $558K | $599.5K | +7.4% |
| Grand Lakes | $550.5K | $582K | +5.7% |
| Cinco Ranch | $544.7K | $528K | -3.1% |
Housing Supply in Seven Meadows, TX
How many homes are available in Seven Meadows, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The Seven Meadows real estate market had 28 homes for sale in October 2024, a 3.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Seven Meadows 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 33.3%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Seven Meadows, 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 Seven Meadows in October 2024, down by 12.5% 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 Seven Meadows, TX
How long does it take to sell a home in Seven Meadows, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 13 Days | -53.2% |
Summary: Homes in Seven Meadows had an average of 13 days on market in Oct 2024, down by 53.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Seven Meadows are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Seven Meadows; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.