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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Oak Hill is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, West Oak Hill was a Seller's Market.

Key Takeaway

West Oak 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 West Oak Hill, TX

How much do homes in West Oak Hill, TX cost?

Median Sold Price

$619,500

$282/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$50,500(-7.5%)

Key Takeaway

Homes in West Oak Hill have sold for 7.5% less than they did a year ago.

Summary: The median home sold price in West Oak Hill was $619,500 in October 2024, down 7.5% from last year, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $375K$344K
-8.3%
3 $587.5K$534.9K
-8.9%
4 $749.5K$770K
+2.7%
5+ $928.8K$945K
+1.7%

Summary: West Oak Hill 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 8.3%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 1.7%.

Housing Supply in West Oak Hill, TX

How many homes are available in West Oak Hill, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8877-12.5%

Summary: The West Oak Hill real estate market had 77 homes for sale in October 2024, a 12.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 109
-10.0%
3 4638
-17.4%
4 2623
-11.5%
5+ 67
+16.7%

Summary: The West Oak 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 decreased by 10%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1811-38.9%

Asking Price vs. Sold Price

9 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 West Oak Hill, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in West Oak Hill in October 2024, down by 38.9% month-over-month. Of the 11 sold homes, 82% were sold under asking, 0% were sold at asking, and 18% were sold over asking.

Days on Market for West Oak Hill, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
64 Days58 Days-8.1%

Summary: Homes in West Oak Hill had an average of 58 days on market in Oct 2024, down by 8.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 11 homes were sold in West Oak Hill; 27% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 27% 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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