Is Stone Oak, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stone Oak is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Stone Oak was a Seller's Market.

Key Takeaway

Stone Oak is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Stone Oak, TX

How much do homes in Stone Oak, TX cost?

Median Sold Price

$459,250

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,194(+0.9%)

Key Takeaway

Homes in Stone Oak have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in Stone Oak was $459,250 in October 2024, up 0.9% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $354.2K$315K
-11.1%
3 $405K$395K
-2.5%
4 $455.1K$470K
+3.3%
5+ $554.9K$579K
+4.3%

Summary: Stone Oak 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 11.1%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 4.3%.

Housing Supply in Stone Oak, TX

How many homes are available in Stone Oak, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
176189+7.4%

Summary: The Stone Oak real estate market had 189 homes for sale in October 2024, a 7.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 4447
+6.8%
4 99106
+7.1%
5+ 3336
+9.1%

Summary: The Stone Oak 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 6.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2928-3.4%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stone Oak, you may be able to get a good deal. 67.9% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Stone Oak in October 2024, down by 3.4% month-over-month. Of the 28 sold homes, 68% were sold under asking, 29% were sold at asking, and 4% were sold over asking.

Days on Market for Stone Oak, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days87 Days+83.5%

Summary: Homes in Stone Oak had an average of 87 days on market in Oct 2024, up by 83.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Stone Oak has remained consistent over time.

Summary: During October 2024, 28 homes were sold in Stone Oak; 21% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 32% 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 16 Days Ago

Newest Listings in Stone Oak, TX

Nearby Markets to Stone Oak, TX