$2,731 Closing Credit*
$230,000
2,453 SqFt
4 Beds
•1 Full Bath
Elizabeth Cencini, Listing Office: HOUSTON TOP REALTY
Is South Belt / Ellington, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, South Belt / Ellington has remained a Seller's Market.
Key Takeaway
South Belt / Ellington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Belt / Ellington, TX
How much do homes in South Belt / Ellington, TX cost?
Median Sold Price
$253,733
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$6,266(-2.4%)
Key Takeaway
Homes in South Belt / Ellington have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in South Belt / Ellington was $253,733 in December 2024, down 2.4% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | $165.7K | +3.6% |
| 3 Bedrooms | $250K | $240K | -4.0% |
| 4 Bedrooms | $277.5K | $278K | 0.2% |
| 5+ Bedrooms | $265K | $305K | +15.1% |
Summary: South Belt / Ellington housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 15.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Edgebrook Area | $212K | $220K | +3.8% |
| Clear Lake | $275.9K | $274K | -0.7% |
| South Belt / Ellington | $260K | $253.7K | -2.4% |
| Greater Hobby Area | $273K | $254.9K | -6.6% |
Housing Supply in South Belt / Ellington, TX
How many homes are available in South Belt / Ellington, TX?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 105 | 108 | +2.9% |
Summary: The South Belt / Ellington real estate market had 108 homes for sale in December 2024, a 2.9% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 70 | 68 | -2.9% |
| 4 Bedrooms | 28 | 33 | +17.9% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The South Belt / Ellington housing inventory by bedroom type for December 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 2.9%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Belt / Ellington, you may be able to get a good deal. 76.2% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in South Belt / Ellington in December 2024, down by 4.5% month-over-month. Of the 21 sold homes, 76% were sold under asking, 24% were sold at asking, and 0% were sold over asking.
Days on Market for South Belt / Ellington, TX
How long does it take to sell a home in South Belt / Ellington, TX?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 46 Days | 30 Days | -35.3% |
Summary: Homes in South Belt / Ellington had an average of 30 days on market in Dec 2024, down by 35.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Belt / Ellington are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 21 homes were sold in South Belt / Ellington; 57% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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