Is Southcrest, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southcrest is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Southcrest, TX

How much do homes in Southcrest, TX cost?

Median Sold Price

$177,000

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,000(+2.9%)

Key Takeaway

Homes in Southcrest have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Southcrest was $177,000 in October 2024, up 2.9% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$125K
N/A
2 $119.9K$114K
-5.0%
3 $157.5K$169.9K
+7.9%
4 $215K$217K
+0.9%
5+ $357.5K$260.1K
-27.2%

Summary: Southcrest 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 decreased by 5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 27.2%.

Median Sold Price Compared To Nearby Neighborhoods

Golfcrest / Bellfort / Reveille
+7.3%
Greater OST / South Union
+3.8%
Southcrest
+2.9%
South Park
0.0%
Southeast Houston
0%

Housing Supply in Southcrest, TX

How many homes are available in Southcrest, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3843+13.2%

Summary: The Southcrest real estate market had 43 homes for sale in October 2024, a 13.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 2223
+4.5%
4 912
+33.3%
5+ 34
+33.3%

Summary: The Southcrest 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 remained the same, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
310+233.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southcrest, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Southcrest in October 2024, up by 233.3% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.

Days on Market for Southcrest, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days26 Days-14.1%

Summary: Homes in Southcrest had an average of 26 days on market in Oct 2024, down by 14.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Southcrest are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in Southcrest; 70% of homes were sold within 30 days, 30% 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 21 Days Ago

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