$6,990,000
7,472 SqFt
5 Beds
•5 Full Baths, 2 Partial
Clare Leppert, Listing Office: Compass RE Texas, LLC - Houston
Is Tanglewood, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Tanglewood was a Neutral Market.
Key Takeaway
Tanglewood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tanglewood, TX
How much do homes in Tanglewood, TX cost?
Median Sold Price
$2,625,000
$454/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$94,750(+3.7%)
Key Takeaway
Homes in Tanglewood have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Tanglewood was $2,625,000 in November 2024, up 3.7% from last year, and the median price per square foot was $454.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $1.4M | $1.5M | +3.8% |
| 4 Bedrooms | $2.4M | $1.9M | -19.3% |
| 5+ Bedrooms | $2.6M | $3.5M | +35.4% |
Summary: Tanglewood 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 did not change, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 19.3%, and 5+ bedroom homes increased by 35.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Midwest | $305.2K | $319.7K | +4.8% |
| Tanglewood | $2.5M | $2.6M | +3.7% |
| Greater Uptown | $356.2K | $359K | +0.8% |
| Close-In Memorial | $252.1K | $239K | -5.2% |
Housing Supply in Tanglewood, TX
How many homes are available in Tanglewood, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 23 | -17.9% |
Summary: The Tanglewood real estate market had 23 homes for sale in November 2024, a 17.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 17 | 12 | -29.4% |
Summary: The Tanglewood 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 50%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 29.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tanglewood, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Tanglewood in November 2024, down by 66.7% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Tanglewood, TX
How long does it take to sell a home in Tanglewood, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 29 Days | +2.3% |
Summary: Homes in Tanglewood had an average of 29 days on market in Nov 2024, up by 2.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tanglewood are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Tanglewood; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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