Is Shearer Hills - Ridgeview, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shearer Hills - Ridgeview is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Shearer Hills - Ridgeview was a Seller's Market.

Key Takeaway

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

Housing Prices in Shearer Hills - Ridgeview, TX

How much do homes in Shearer Hills - Ridgeview, TX cost?

Median Sold Price

$240,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$40,000(-14.3%)

Key Takeaway

Homes in Shearer Hills - Ridgeview have sold for 14.3% less than they did a year ago.

Summary: The median home sold price in Shearer Hills - Ridgeview was $240,000 in October 2024, down 14.3% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $110K$107K
-2.7%
2 $175K$180K
+2.9%
3 $309K$247.5K
-19.9%
4 $333.3K$353.5K
+6.0%
5+ $375K$327K
-12.8%

Summary: Shearer Hills - Ridgeview housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 19.9%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 12.8%.

Housing Supply in Shearer Hills - Ridgeview, TX

How many homes are available in Shearer Hills - Ridgeview, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4547+4.4%

Summary: The Shearer Hills - Ridgeview real estate market had 47 homes for sale in October 2024, a 4.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 87
-12.5%
3 2527
+8.0%
4 88
0.0%
5+ 45
+25.0%

Summary: The Shearer Hills - Ridgeview 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 decreased by 12.5%, 3 bedroom homes increased by 8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

4 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 Shearer Hills - Ridgeview, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Shearer Hills - Ridgeview in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Shearer Hills - Ridgeview, TX

How long does it take to sell a home in Shearer Hills - Ridgeview, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
60 Days38 Days-36.2%

Summary: Homes in Shearer Hills - Ridgeview had an average of 38 days on market in Oct 2024, down by 36.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Shearer Hills - Ridgeview are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Shearer Hills - Ridgeview; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 20 Days Ago

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