Is Shadow Creek, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shadow Creek is a neutral's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Shadow Creek was a Seller's Market.

Key Takeaway

Shadow Creek 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 Shadow Creek, TX

How much do homes in Shadow Creek, TX cost?

Median Sold Price

$324,999

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$16,901(-4.9%)

Key Takeaway

Homes in Shadow Creek have sold for 4.9% less than they did a year ago.

Summary: The median home sold price in Shadow Creek was $324,999 in August 2024, down 4.9% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 --
N/A
3 $313K$310K
-1.0%
4 $350.5K$339.9K
-3.0%
5+ $425K$394.9K
-7.1%

Summary: Shadow Creek housing prices by bedroom type for August 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 decreased by 1%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 7.1%.

Housing Supply in Shadow Creek, TX

How many homes are available in Shadow Creek, TX?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
4336-16.3%

Summary: The Shadow Creek real estate market had 36 homes for sale in August 2024, a 16.3% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2123
+9.5%
4 2012
-40.0%
5+ 21
-50.0%

Summary: The Shadow Creek housing inventory by bedroom type for August 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 9.5%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shadow Creek, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Shadow Creek in August 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for Shadow Creek, TX

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

Average Sale Time

Aug 2023Aug 2024CHANGE
54 Days33 Days-39.9%

Summary: Homes in Shadow Creek had an average of 33 days on market in Aug 2024, down by 39.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 6 homes were sold in Shadow Creek; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 27 Days Ago

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