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 November 2023

At the same time last year, Village at Western Oaks was a Buyer'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

$590,000

$299/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$25,000(-4.1%)

Key Takeaway

Homes in Village at Western Oaks have sold for 4.1% less than they did a year ago.

Summary: The median home sold price in Village at Western Oaks was $590,000 in November 2024, down 4.1% from last year, and the median price per square foot was $299.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $415.7K$398K
-4.3%
3 $585K$565K
-3.4%
4 $705K$650K
-7.8%
5+ $625.5K$844.2K
+35.0%

Summary: Village at Western Oaks housing prices by bedroom type for November 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 3.4%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 35%.

Median Sold Price Compared To Nearby Neighborhoods

Western Oaks
-2.0%
Village at Western Oaks
-4.1%
Legend Oaks
-5.5%

Housing Supply in Village at Western Oaks, TX

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2520-20.0%

Summary: The Village at Western Oaks real estate market had 20 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 1111
0.0%
4 117
-36.4%
5+ 22
0.0%

Summary: The Village at Western Oaks housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 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. 33.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Village at Western Oaks in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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

Nov 2023Nov 2024CHANGE
12 Days20 Days+66.7%

Summary: Homes in Village at Western Oaks had an average of 20 days on market in Nov 2024, up by 66.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 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 November 2024, 6 homes were sold in Village at Western Oaks; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

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