Is South Bell, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Bell is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, South Bell was a Seller's Market.

Key Takeaway

South Bell is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in South Bell, TX

How much do homes in South Bell, TX cost?

Median Sold Price

$572,500

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,783(+1.7%)

Key Takeaway

Homes in South Bell have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in South Bell was $572,500 in October 2024, up 1.7% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$660K
N/A
2 $181.9K$268.5K
+47.5%
3 $454.1K$473K
+4.1%
4 $620K$585K
-5.6%
5+ $562.7K$774.9K
+37.7%

Summary: South Bell 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 increased by 47.5%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 37.7%.

Median Sold Price Compared To Nearby Cities

Belton
+9.7%
South Bell
+1.7%
Bartlett
0.0%
Salado
-1.6%

Housing Supply in South Bell, TX

How many homes are available in South Bell, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7175+5.6%

Summary: The South Bell real estate market had 75 homes for sale in October 2024, a 5.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 1619
+18.8%
4 4040
0.0%
5+ 1012
+20.0%

Summary: The South Bell 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 20%, 3 bedroom homes increased by 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

5 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 South Bell, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in South Bell in October 2024, down by 20.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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

Oct 2023Oct 2024CHANGE
73 Days74 Days+1.4%

Summary: Homes in South Bell had an average of 74 days on market in Oct 2024, up by 1.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 8 homes were sold in South Bell; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% 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 16 Days Ago

Newest Listings in South Bell, TX

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