Is Tobin Hill, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tobin Hill is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Tobin Hill was a Buyer's Market.

Key Takeaway

Tobin Hill is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Tobin Hill, TX

How much do homes in Tobin Hill, TX cost?

Median Sold Price

$385,000

$263/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$29,000(-7.0%)

Key Takeaway

Homes in Tobin Hill have sold for 7% less than they did a year ago.

Summary: The median home sold price in Tobin Hill was $385,000 in October 2024, down 7% from last year, and the median price per square foot was $263.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $218K$168K
-22.9%
2 $355K$352.2K
-0.8%
3 $450K$455K
+1.1%
4 $460K$507.5K
+10.3%
5+ $520.3K$470K
-9.7%

Summary: Tobin Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.9%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 9.7%.

Median Sold Price Compared To Nearby Neighborhoods

Monte Vista
-3.3%
Tobin Hill
-7.0%

Housing Supply in Tobin Hill, TX

How many homes are available in Tobin Hill, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5359+11.3%

Summary: The Tobin Hill real estate market had 59 homes for sale in October 2024, a 11.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1617
+6.3%
3 3236
+12.5%
4 23
+50.0%
5+ 33
0.0%

Summary: The Tobin Hill 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 6.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
59+80.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tobin Hill, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Tobin Hill in October 2024, up by 80.0% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.

Days on Market for Tobin Hill, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
89 Days89 Days-0.2%

Summary: Homes in Tobin Hill had an average of 89 days on market in Oct 2024, down by 0.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tobin Hill has remained consistent over time.

Summary: During October 2024, 9 homes were sold in Tobin Hill; 0% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 44% 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 Tobin Hill, TX

Nearby Markets to Tobin Hill, TX