Is South Belt / Ellington, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Belt / Ellington is a 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

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $155K$156.2K
+0.8%
3 $249.9K$240K
-4.0%
4 $269.2K$284K
+5.5%
5+ $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
+3.8%
South Belt / Ellington
+0.8%
Clear Lake
0.2%
Greater Hobby Area
-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 2024Oct 2024CHANGE
115142+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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 7892
+17.9%
4 3040
+33.3%
5+ 45
+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 2024Oct 2024CHANGE
2329+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
32 Days19 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

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