Is Westside, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westside is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Westside was a Seller's Market.

Key Takeaway

Westside 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 Westside, TX

How much do homes in Westside, TX cost?

Median Sold Price

$332,778

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$18,198(+5.8%)

Key Takeaway

Homes in Westside have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Westside was $332,778 in December 2024, up 5.8% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $97.7K$98.2K
0.5%
2 $158.4K$166.6K
+5.2%
3 $290.7K$290K
-0.3%
4 $527.4K$569.8K
+8.0%
5+ $960K$1.1M
+19.7%

Summary: Westside housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes increased by 5.2%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 19.7%.

Median Sold Price Compared To Nearby Neighborhoods

The Parkway
+45.9%
Lakes of Parkway
+19.1%
Westside
+5.8%
Westchase
+3.6%

Housing Supply in Westside, TX

How many homes are available in Westside, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
836879+5.1%

Summary: The Westside real estate market had 879 homes for sale in December 2024, a 5.1% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 6669
+4.5%
2 186216
+16.1%
3 317312
-1.6%
4 215223
+3.7%
5+ 5259
+13.5%

Summary: The Westside housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 16.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 13.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
148130-12.2%

Asking Price vs. Sold Price

98 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westside, you may be able to get a good deal. 75.4% of homes here sold below asking price last month.

Summary: A total of 130 homes were sold or pending in Westside in December 2024, down by 12.2% month-over-month. Of the 130 sold homes, 75% were sold under asking, 10% were sold at asking, and 15% were sold over asking.

Days on Market for Westside, TX

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

Average Sale Time

Dec 2023Dec 2024CHANGE
32 Days47 Days+44.9%

Summary: Homes in Westside had an average of 47 days on market in Dec 2024, up by 44.9% compared to last year.

Breakdown of Home Sale Times

70 Homes Were Sold
Under 30 Days

40 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 130 homes were sold in Westside; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% 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 2 Days Ago

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