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 seller's market

Buyer's
Market

Difference Since November 2023

Since last year, West Oak Hill has remained a Seller's Market.

Key Takeaway

West Oak Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Oak Hill, TX

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

Median Sold Price

$620,000

$282/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$44,000(-6.6%)

Key Takeaway

Homes in West Oak Hill have sold for 6.6% less than they did a year ago.

Summary: The median home sold price in West Oak Hill was $620,000 in November 2024, down 6.6% from last year, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $378.1K$322.5K
-14.7%
3 $585K$540K
-7.7%
4 $749.7K$770K
+2.7%
5+ $921.9K$900K
-2.4%

Summary: West Oak Hill 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 14.7%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 2.4%.

Housing Supply in West Oak Hill, TX

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7071+1.4%

Summary: The West Oak Hill real estate market had 71 homes for sale in November 2024, a 1.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 98
-11.1%
3 3533
-5.7%
4 2023
+15.0%
5+ 67
+16.7%

Summary: The West Oak Hill 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 11.1%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1114+27.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was 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. 78.6% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in West Oak Hill in November 2024, up by 27.3% month-over-month. Of the 14 sold homes, 79% were sold under asking, 14% were sold at asking, and 7% 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

Nov 2023Nov 2024CHANGE
51 Days75 Days+47.6%

Summary: Homes in West Oak Hill had an average of 75 days on market in Nov 2024, up by 47.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 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 November 2024, 14 homes were sold in West Oak Hill; 7% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 43% 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

Newest Listings in West Oak Hill, TX

Nearby Markets to West Oak Hill, TX