Is South Bell, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, South Bell was a Seller's Market.
Housing Prices in South Bell, TX
How much do homes in South Bell, TX cost?
Median Sold Price
$570,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Bell was $570,000 in May 2024, up 3.6% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $215K | $270K | +25.6% |
3 Bedrooms | $459.4K | $490K | +6.6% |
4 Bedrooms | $609.5K | $585K | -4.0% |
5+ Bedrooms | $540K | $944K | +74.8% |
Summary: South Bell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.6%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 74.8%.
Median Sold Price Compared To Nearby Cities
Salado | $553.8K | $585K | +5.6% |
South Bell | $550K | $570K | +3.6% |
Belton | $392.9K | $372.5K | -5.2% |
Bartlett | $225K | $211.5K | -6.0% |
Housing Supply in South Bell, TX
How many homes are available in South Bell, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 89 | +9.9% |
Summary: The South Bell real estate market had 89 homes for sale in May 2024, a 9.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 27 | 23 | -14.8% |
4 Bedrooms | 38 | 43 | +13.2% |
5+ Bedrooms | 11 | 17 | +54.5% |
Summary: The South Bell housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 54.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in South Bell in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for South Bell, TX
How long does it take to sell a home in South Bell, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 57 Days | +252.9% |
Summary: Homes in South Bell had an average of 57 days on market in May 2024, up by 252.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in South Bell; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.