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 13 Days Ago

Newest Listings in Willow Meadows / Willowbend Area, TX

Nearby Markets to Willow Meadows / Willowbend Area, TX