Is Western Oaks, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Western Oaks is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Western Oaks has remained a Seller's Market.

Key Takeaway

Western Oaks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Western Oaks, TX

How much do homes in Western Oaks, TX cost?

Median Sold Price

$600,000

$300/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$25,500(-4.1%)

Key Takeaway

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

Summary: The median home sold price in Western Oaks was $600,000 in October 2024, down 4.1% from last year, and the median price per square foot was $300.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $415.7K$398K
-4.3%
3 $586K$567.5K
-3.2%
4 $705K$665K
-5.7%
5+ $683.2K$844.2K
+23.6%

Summary: Western Oaks 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 4.3%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 23.6%.

Median Sold Price Compared To Nearby Neighborhoods

Western Oaks
-4.1%
Village at Western Oaks
-4.9%
Legend Oaks
-5.3%

Housing Supply in Western Oaks, TX

How many homes are available in Western Oaks, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3531-11.4%

Summary: The Western Oaks real estate market had 31 homes for sale in October 2024, a 11.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1514
-6.7%
4 1815
-16.7%
5+ 11
0.0%

Summary: The Western Oaks 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 decreased by 6.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

6 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 Western Oaks, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Western Oaks in October 2024, down by 27.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Western Oaks, TX

How long does it take to sell a home in Western Oaks, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days50 Days+12.4%

Summary: Homes in Western Oaks had an average of 50 days on market in Oct 2024, up by 12.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were 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

Many homes in Western Oaks are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in Western Oaks; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% 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 16 Days Ago

Newest Listings in Western Oaks, TX

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