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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Heights is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, South Heights was a Neutral Market.

Key Takeaway

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

Housing Prices in South Heights, TX

How much do homes in South Heights, TX cost?

Median Sold Price

$182,450

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$11,550(-6.0%)

Key Takeaway

Homes in South Heights have sold for 6% less than they did a year ago.

Summary: The median home sold price in South Heights was $182,450 in November 2024, down 6% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $133K$126.5K
-4.9%
3 $222K$199.9K
-10.0%
4 $284.5K$325K
+14.2%
5+ --
N/A

Summary: South Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.9%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

South Heights
-6.0%
Arena District
-26.3%

Housing Supply in South Heights, TX

How many homes are available in South Heights, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
26260.0%

Summary: The South Heights real estate market had 26 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 52
-60.0%
3 2021
+5.0%
4 02
+100.0%
5+ 11
0.0%

Summary: The South Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Heights, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in South Heights in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for South Heights, TX

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

Average Sale Time

Nov 2023Nov 2024CHANGE
21 Days25 Days+19.0%

Summary: Homes in South Heights had an average of 25 days on market in Nov 2024, up by 19% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 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 Heights are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in South Heights; 100% of homes were sold within 30 days, 0% 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 22 Days Ago

Newest Listings in South Heights, TX

Nearby Markets to South Heights, TX