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 neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Villages of Westcreek 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 Villages of Westcreek, TX

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

Median Sold Price

$319,500

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$10,500(-3.2%)

Key Takeaway

Homes in Villages of Westcreek have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in Villages of Westcreek was $319,500 in November 2024, down 3.2% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $289K$287.5K
-0.5%
4 $370K$350K
-5.4%
5+ $474K$439.9K
-7.2%

Summary: Villages of Westcreek 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 did not change, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 7.2%.

Median Sold Price Compared To Nearby Neighborhoods

The Oaks at Westcreek
+1.8%
Villages of Westcreek
-3.2%

Housing Supply in Villages of Westcreek, TX

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2930+3.4%

Summary: The Villages of Westcreek real estate market had 30 homes for sale in November 2024, a 3.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1113
+18.2%
4 1615
-6.3%
5+ 22
0.0%

Summary: The Villages of Westcreek 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 remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Villages of Westcreek, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Villages of Westcreek in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
120 Days110 Days-7.7%

Summary: Homes in Villages of Westcreek had an average of 110 days on market in Nov 2024, down by 7.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

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 November 2024, 5 homes were sold in Villages of Westcreek; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% 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 22 Days Ago

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