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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southwest is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Southwest, TX

How much do homes in Southwest, TX cost?

Median Sold Price

$175,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$2,000(-1.1%)

Key Takeaway

Homes in Southwest have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in Southwest was $175,000 in December 2024, down 1.1% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $89.2K$165K
+84.9%
3 $174K$170K
-2.3%
4 $206.7K$194.9K
-5.7%
5+ $159K$229K
+44.0%

Summary: Southwest housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 84.9%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 44%.

Median Sold Price Compared To Nearby Neighborhoods

Southwest
-1.1%
Hidden Cove - Indian Creek
-3.0%
People Active in Community Effort
-3.3%

Housing Supply in Southwest, TX

How many homes are available in Southwest, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3435+2.9%

Summary: The Southwest real estate market had 35 homes for sale in December 2024, a 2.9% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 00
0.0%
3 2727
0.0%
4 44
0.0%
5+ 23
+50.0%

Summary: The Southwest housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southwest, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Southwest in December 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for Southwest, TX

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

Average Sale Time

Dec 2023Dec 2024CHANGE
91 Days83 Days-8.4%

Summary: Homes in Southwest had an average of 83 days on market in Dec 2024, down by 8.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Southwest has remained consistent over time.

Summary: During December 2024, 7 homes were sold in Southwest; 0% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 43% 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 7 Days Ago

Newest Listings in Southwest, TX

Nearby Markets to Southwest, TX