Is Village at Western Oaks, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Village at Western Oaks is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Village at Western Oaks has remained a Seller's Market.

Key Takeaway

Village at Western Oaks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Village at Western Oaks, TX

How much do homes in Village at Western Oaks, TX cost?

Median Sold Price

$592,500

$299/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$30,700(-4.9%)

Key Takeaway

Homes in Village at Western Oaks have sold for 4.9% less than they did a year ago.

Summary: The median home sold price in Village at Western Oaks was $592,500 in October 2024, down 4.9% from last year, and the median price per square foot was $299.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $415.7K$398K
-4.3%
3 $586K$565K
-3.6%
4 $705K$652K
-7.5%
5+ $683.2K$844.2K
+23.6%

Summary: Village at Western Oaks 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 decreased by 4.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 23.6%.

Median Sold Price Compared To Nearby Neighborhoods

Western Oaks
-4.1%
Village at Western Oaks
-4.9%
Legend Oaks
-5.3%

Housing Supply in Village at Western Oaks, TX

How many homes are available in Village at Western Oaks, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3126-16.1%

Summary: The Village at Western Oaks real estate market had 26 homes for sale in October 2024, a 16.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1311
-15.4%
4 1613
-18.8%
5+ 11
0.0%

Summary: The Village at Western Oaks 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 15.4%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Village at Western Oaks, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Village at Western Oaks in October 2024, down by 27.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Village at Western Oaks, TX

How long does it take to sell a home in Village at Western Oaks, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days50 Days+80.0%

Summary: Homes in Village at Western Oaks had an average of 50 days on market in Oct 2024, up by 80% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Village at Western Oaks are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in Village at Western Oaks; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% 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 16 Days Ago

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