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 buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Stone Oak, TX

How much do homes in Stone Oak, TX cost?

Median Sold Price

$456,100

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$988(+0.2%)

Key Takeaway

The sold price of homes in Stone Oak has remained the same since last year.

Summary: The median home sold price in Stone Oak was $456,100 in November 2024, up 0.2% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $354.2K$315K
-11.1%
3 $400K$394K
-1.5%
4 $455.5K$475K
+4.3%
5+ $554.9K$583K
+5.1%

Summary: Stone Oak 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 11.1%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 5.1%.

Housing Supply in Stone Oak, TX

How many homes are available in Stone Oak, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
177184+4.0%

Summary: The Stone Oak real estate market had 184 homes for sale in November 2024, a 4.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 4248
+14.3%
4 101101
0.0%
5+ 3435
+2.9%

Summary: The Stone Oak 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 2.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3224-25.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were 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. 58.3% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Stone Oak in November 2024, down by 25.0% month-over-month. Of the 24 sold homes, 58% were sold under asking, 29% were sold at asking, and 13% 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

Nov 2023Nov 2024CHANGE
61 Days67 Days+10.0%

Summary: Homes in Stone Oak had an average of 67 days on market in Nov 2024, up by 10% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 24 homes were sold in Stone Oak; 38% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 33% 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 17 Days Ago

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