Is Villages of Westcreek, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Villages of Westcreek is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Villages of Westcreek was a Seller's Market.

Key Takeaway

Villages of Westcreek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Villages of Westcreek, TX

How much do homes in Villages of Westcreek, TX cost?

Median Sold Price

$320,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,000(-3.0%)

Key Takeaway

Homes in Villages of Westcreek have sold for 3% less than they did a year ago.

Summary: The median home sold price in Villages of Westcreek was $320,000 in October 2024, down 3% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $287K$289K
+0.7%
4 $370K$350K
-5.4%
5+ $474K$345K
-27.2%

Summary: Villages of Westcreek 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 0.7%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 27.2%.

Housing Supply in Villages of Westcreek, TX

How many homes are available in Villages of Westcreek, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
29290.0%

Summary: The Villages of Westcreek real estate market had 29 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1111
0.0%
4 1415
+7.1%
5+ 43
-25.0%

Summary: The Villages of Westcreek 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 remained the same, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Villages of Westcreek, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Villages of Westcreek in October 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Villages of Westcreek, TX

How long does it take to sell a home in Villages of Westcreek, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
71 Days89 Days+26.3%

Summary: Homes in Villages of Westcreek had an average of 89 days on market in Oct 2024, up by 26.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Villages of Westcreek are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in Villages of Westcreek; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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

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