$10,000 Closing Credit*
$1,150,000
1,632 SqFt
4 Beds
•2 Full Baths, 1 Partial
Audra O'Neal, Listing Office: Keller Williams Realty Southwest
Is Terramar Beach, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Terramar Beach has remained a Buyer's Market.
Key Takeaway
Terramar Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Terramar Beach, TX
How much do homes in Terramar Beach, TX cost?
Median Sold Price
$752,500
$415/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$193,750(-20.5%)
Key Takeaway
Homes in Terramar Beach have sold for 20.5% less than they did a month ago.
Summary: The median home sold price in Terramar Beach was $752,500 in October 2024, down 20.5% from last month, and the median price per square foot was $415.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $375K | N/A |
| 3 Bedrooms | $947.5K | - | N/A |
| 4 Bedrooms | $945K | $1.1M | +19.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Terramar Beach housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes did not change.
Housing Supply in Terramar Beach, TX
How many homes are available in Terramar Beach, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 46 | +24.3% |
Summary: The Terramar Beach real estate market had 46 homes for sale in October 2024, a 24.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 23 | 29 | +26.1% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Terramar Beach 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 increased by 25%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 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 Terramar Beach, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Terramar Beach in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Terramar Beach, TX
How long does it take to sell a home in Terramar Beach, TX?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 37 Days | -32.4% |
Summary: Homes in Terramar Beach had an average of 37 days on market in Oct 2024, down by 32.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Terramar Beach are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Terramar Beach; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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