$1,500,000
33.00 Acres
Land
•3 Full Baths, 1 Partial
Alisha Ingraham, Listing Office: Compass RE Texas, LLC - Katy
Is Wharton, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Wharton was a Seller's Market.
Key Takeaway
Wharton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wharton, TX
How much do homes in Wharton, TX cost?
Median Sold Price
$220,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,500(+19.9%)
Key Takeaway
Homes in Wharton have sold for 19.9% more than they did a year ago.
Summary: The median home sold price in Wharton was $220,000 in October 2024, up 19.9% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $90K | $110K | +22.2% |
| 3 Bedrooms | $191.5K | $228K | +19.1% |
| 4 Bedrooms | $201.2K | $334K | +66.0% |
| 5+ Bedrooms | $480K | $359.6K | -25.1% |
Summary: Wharton 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 increased by 22.2%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 66%, and 5+ bedroom homes decreased by 25.1%.
Housing Supply in Wharton, TX
How many homes are available in Wharton, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 62 | +21.6% |
Summary: The Wharton real estate market had 62 homes for sale in October 2024, a 21.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 26 | 36 | +38.5% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Wharton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 38.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wharton, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Wharton in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Wharton, TX
How long does it take to sell a home in Wharton, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 41 Days | -6.8% |
Summary: Homes in Wharton had an average of 41 days on market in Oct 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wharton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Wharton; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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