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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Brazos is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, South Brazos has remained a Seller's Market.

Key Takeaway

South Brazos is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in South Brazos, TX

How much do homes in South Brazos, TX cost?

Median Sold Price

$354,166

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,108(+1.2%)

Key Takeaway

Homes in South Brazos have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in South Brazos was $354,166 in October 2024, up 1.2% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$124.9K
N/A
2 $270K$270K
0.0%
3 $299.9K$306.5K
+2.2%
4 $539.9K$419.9K
-22.2%
5+ $507.5K$785K
+54.7%

Summary: South Brazos 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 did not change, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 54.7%.

Median Sold Price Compared To Nearby Cities

Anderson-Bedias
+20.4%
South Brazos
+1.2%
College Station
+1.0%
Navasota
-6.0%

Housing Supply in South Brazos, TX

How many homes are available in South Brazos, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
140146+4.3%

Summary: The South Brazos real estate market had 146 homes for sale in October 2024, a 4.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 5457
+5.6%
4 7074
+5.7%
5+ 1212
0.0%

Summary: The South Brazos 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 33.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1825+38.9%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

9 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 Brazos, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in South Brazos in October 2024, up by 38.9% month-over-month. Of the 25 sold homes, 60% were sold under asking, 36% were sold at asking, and 4% were sold over asking.

Days on Market for South Brazos, TX

How long does it take to sell a home in South Brazos, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
80 Days94 Days+16.3%

Summary: Homes in South Brazos had an average of 94 days on market in Oct 2024, up by 16.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in South Brazos are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 25 homes were sold in South Brazos; 28% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 40% 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 20 Days Ago

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