Is Willow Meadows / Willowbend Area, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Willow Meadows / Willowbend Area is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Willow Meadows / Willowbend Area has remained a Seller's Market.

Key Takeaway

Willow Meadows / Willowbend Area is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Willow Meadows / Willowbend Area, TX

How much do homes in Willow Meadows / Willowbend Area, TX cost?

Median Sold Price

$355,000

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,500(-0.7%)

Key Takeaway

Homes in Willow Meadows / Willowbend Area have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in Willow Meadows / Willowbend Area was $355,000 in October 2024, down 0.7% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $237.5K$281.5K
+18.5%
3 $346K$342.5K
-1.0%
4 $415K$472.5K
+13.9%
5+ $759K$475K
-37.4%

Summary: Willow Meadows / Willowbend Area 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 18.5%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 37.4%.

Median Sold Price Compared To Nearby Neighborhoods

Meyerland Area
+5.6%
Southwest
+4.7%
Willow Meadows / Willowbend Area
-0.7%
Willowbend
-11.1%

Housing Supply in Willow Meadows / Willowbend Area, TX

How many homes are available in Willow Meadows / Willowbend Area, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6068+13.3%

Summary: The Willow Meadows / Willowbend Area real estate market had 68 homes for sale in October 2024, a 13.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 65
-16.7%
3 3546
+31.4%
4 1715
-11.8%
5+ 11
0.0%

Summary: The Willow Meadows / Willowbend Area 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 16.7%, 3 bedroom homes increased by 31.4%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1412-14.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Willow Meadows / Willowbend Area, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Willow Meadows / Willowbend Area in October 2024, down by 14.3% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.

Days on Market for Willow Meadows / Willowbend Area, TX

How long does it take to sell a home in Willow Meadows / Willowbend Area, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days39 Days+80.7%

Summary: Homes in Willow Meadows / Willowbend Area had an average of 39 days on market in Oct 2024, up by 80.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Willow Meadows / Willowbend Area are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in Willow Meadows / Willowbend Area; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% 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 23 Days Ago

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