Is Simonton, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Simonton is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Simonton was a Buyer's Market.

Key Takeaway

Simonton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Simonton, TX

How much do homes in Simonton, TX cost?

Median Sold Price

$473,750

$238/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$93,750(+24.7%)

Key Takeaway

Homes in Simonton have sold for 24.7% more than they did a month ago.

Summary: The median home sold price in Simonton was $473,750 in November 2024, up 24.7% from last month, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $380K$357.5K
-5.9%
4 -$590K
N/A
5+ --
N/A

Summary: Simonton housing prices by bedroom type for November 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 decreased by 5.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Simonton, TX

How many homes are available in Simonton, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1110-9.1%

Summary: The Simonton real estate market had 10 homes for sale in November 2024, a 9.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 54
-20.0%
4 55
0.0%
5+ 11
0.0%

Summary: The Simonton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Simonton, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Simonton in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Simonton, TX

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

Average Sale Time

Oct 2024Nov 2024CHANGE
13 Days41 Days+221.2%

Summary: Homes in Simonton had an average of 41 days on market in Nov 2024, up by 221.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Simonton; 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 21 Days Ago

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