Is The Parkway, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing The Parkway is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, The Parkway was a Buyer's Market.

Key Takeaway

The Parkway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in The Parkway, TX

How much do homes in The Parkway, TX cost?

Median Sold Price

$1,031,000

$267/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$81,966(-7.4%)

Key Takeaway

Homes in The Parkway have sold for 7.4% less than they did a year ago.

Summary: The median home sold price in The Parkway was $1,031,000 in October 2024, down 7.4% from last year, and the median price per square foot was $267.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $425.8K$500K
+17.4%
4 $1.0M$1.3M
+25.9%
5+ $1.3M$1.5M
+20.3%

Summary: The Parkway housing prices by bedroom type for October 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 17.4%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 20.3%.

Median Sold Price Compared To Nearby Neighborhoods

Lakes of Parkway
+20.5%
Westside
+9.2%
Eldridge / West Oaks
+2.1%
The Parkway
-7.4%

Housing Supply in The Parkway, TX

How many homes are available in The Parkway, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
65-16.7%

Summary: The The Parkway real estate market had 5 homes for sale in October 2024, a 16.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 10
-100.0%
4 33
0.0%
5+ 22
0.0%

Summary: The The Parkway 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 remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in The Parkway, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in The Parkway in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for The Parkway, TX

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

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 The Parkway are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in The Parkway; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 21 Days Ago

Newest Listings in The Parkway, TX

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