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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sweetbriar is a buyer's market

Buyer's
Market

Difference Since August 2023

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

Key Takeaway

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

Housing Prices in Sweetbriar, TX

How much do homes in Sweetbriar, TX cost?

Median Sold Price

$396,500

$330/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$8,500(-2.1%)

Key Takeaway

Homes in Sweetbriar have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in Sweetbriar was $396,500 in August 2024, down 2.1% from last year, and the median price per square foot was $330.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $340K$285K
-16.2%
2 $389.5K$383K
-1.7%
3 $430K$399.8K
-7.0%
4 $372K$489K
+31.5%
5+ --
N/A

Summary: Sweetbriar housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.2%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes did not change.

Housing Supply in Sweetbriar, TX

How many homes are available in Sweetbriar, TX?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
2526+4.0%

Summary: The Sweetbriar real estate market had 26 homes for sale in August 2024, a 4.0% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 34
+33.3%
2 1011
+10.0%
3 97
-22.2%
4 34
+33.3%
5+ 00
0.0%

Summary: The Sweetbriar housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

2 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 Sweetbriar, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Sweetbriar in August 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Sweetbriar, TX

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

Average Sale Time

Aug 2023Aug 2024CHANGE
32 Days48 Days+49.5%

Summary: Homes in Sweetbriar had an average of 48 days on market in Aug 2024, up by 49.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 3 homes were sold in Sweetbriar; 33% of homes were sold within 30 days, 33% 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 27 Days Ago

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