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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Teague is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Teague, TX

How much do homes in Teague, TX cost?

Median Sold Price

$239,500

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,000(+10.1%)

Key Takeaway

Homes in Teague have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in Teague was $239,500 in November 2024, up 10.1% from last year, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $172K$75K
-56.4%
3 $207K$230K
+11.1%
4 $260K$239.5K
-7.9%
5+ -$625K
N/A

Summary: Teague 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 56.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes did not change.

Housing Supply in Teague, TX

How many homes are available in Teague, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
39390.0%

Summary: The Teague real estate market had 39 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 910
+11.1%
3 2123
+9.5%
4 65
-16.7%
5+ 31
-66.7%

Summary: The Teague 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 increased by 11.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Teague, 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 Teague in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Teague, TX

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

Average Sale Time

Nov 2023Nov 2024CHANGE
73 Days103 Days+41.1%

Summary: Homes in Teague had an average of 103 days on market in Nov 2024, up by 41.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Teague are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 3 homes were sold in Teague; 0% of homes were sold within 30 days, 0% 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

Newest Listings in Teague, TX

Nearby Markets to Teague, TX