$2,672 Closing Credit*
$225,000
1,425 SqFt
3 Beds
•1 Full Bath
Sonja Smith, Listing Office: Realty Associates
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 October 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
$255,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,000(+0.8%)
Key Takeaway
Homes in South Belt / Ellington have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in South Belt / Ellington was $255,000 in October 2024, up 0.8% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $155K | $156.2K | +0.8% |
| 3 Bedrooms | $249.9K | $240K | -4.0% |
| 4 Bedrooms | $269.2K | $284K | +5.5% |
| 5+ Bedrooms | $271K | $305K | +12.5% |
Summary: South Belt / Ellington 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 0.8%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Edgebrook Area | $211K | $219K | +3.8% |
| South Belt / Ellington | $253K | $255K | +0.8% |
| Clear Lake | $274.5K | $275K | 0.2% |
| Greater Hobby Area | $267K | $261.5K | -2.1% |
Housing Supply in South Belt / Ellington, TX
How many homes are available in South Belt / Ellington, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 115 | 142 | +23.5% |
Summary: The South Belt / Ellington real estate market had 142 homes for sale in October 2024, a 23.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 78 | 92 | +17.9% |
| 4 Bedrooms | 30 | 40 | +33.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The South Belt / Ellington 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 increased by 66.7%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 29 | +26.1% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 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. 75.9% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in South Belt / Ellington in October 2024, up by 26.1% month-over-month. Of the 29 sold homes, 76% were sold under asking, 17% were sold at asking, and 7% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 19 Days | -40.9% |
Summary: Homes in South Belt / Ellington had an average of 19 days on market in Oct 2024, down by 40.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were 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 October 2024, 29 homes were sold in South Belt / Ellington; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.