$10,000 Closing Credit*
$1,150,000
4,199 SqFt
5 Beds
•4 Full Baths, 1 Partial
Ruby Mittal, Listing Office: CENTURY 21 Western Realty, Inc
Is The Parkway, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$1,300,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$408,750(+45.9%)
Key Takeaway
Homes in The Parkway have sold for 45.9% more than they did a year ago.
Summary: The median home sold price in The Parkway was $1,300,000 in December 2024, up 45.9% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $500K | $499.9K | 0% |
| 4 Bedrooms | $1.1M | $1.2M | +7.9% |
| 5+ Bedrooms | $1.3M | $1.5M | +20.6% |
Summary: The Parkway housing prices by bedroom type for December 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 did not change, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 20.6%.
Median Sold Price Compared To Nearby Neighborhoods
| The Parkway | $891.2K | $1.3M | +45.9% |
| Lakes of Parkway | $852.5K | $1.0M | +19.1% |
| Westside | $314.5K | $332.7K | +5.8% |
| Eldridge / West Oaks | $335K | $328K | -2.1% |
Housing Supply in The Parkway, TX
How many homes are available in The Parkway, TX?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The The Parkway real estate market had 5 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The The Parkway housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Parkway, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in The Parkway in December 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for The Parkway, TX
How long does it take to sell a home in The Parkway, TX?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 12 Days | 8 Days | -33.3% |
Summary: Homes in The Parkway had an average of 8 days on market in Dec 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Parkway are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 3 homes were sold in The Parkway; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.