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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodforest is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Woodforest 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 Woodforest, TX

How much do homes in Woodforest, TX cost?

Median Sold Price

$542,500

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$42,816(+8.6%)

Key Takeaway

Homes in Woodforest have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in Woodforest was $542,500 in October 2024, up 8.6% 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 $445K$448K
+0.7%
3 $450K$456.7K
+1.5%
4 $544.4K$570K
+4.7%
5+ $769.7K$866.1K
+12.5%

Summary: Woodforest 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 0.7%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 12.5%.

Housing Supply in Woodforest, TX

How many homes are available in Woodforest, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7886+10.3%

Summary: The Woodforest real estate market had 86 homes for sale in October 2024, a 10.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 2025
+25.0%
4 3939
0.0%
5+ 1416
+14.3%

Summary: The Woodforest 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 increased by 20%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2214-36.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodforest, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Woodforest in October 2024, down by 36.4% month-over-month. Of the 14 sold homes, 64% were sold under asking, 36% were sold at asking, and 0% were sold over asking.

Days on Market for Woodforest, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days39 Days+42.6%

Summary: Homes in Woodforest had an average of 39 days on market in Oct 2024, up by 42.6% compared to last year.

Breakdown of Home Sale Times

8 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 Woodforest are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in Woodforest; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% 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 20 Days Ago

Newest Listings in Woodforest, TX

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