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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodtrace is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Woodtrace 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 Woodtrace, TX

How much do homes in Woodtrace, TX cost?

Median Sold Price

$644,950

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$26,950(+4.4%)

Key Takeaway

Homes in Woodtrace have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Woodtrace was $644,950 in October 2024, up 4.4% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $330K$385K
+16.7%
4 $599.5K$634.5K
+5.8%
5+ $707.5K$699K
-1.2%

Summary: Woodtrace 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 did not change, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 1.2%.

Housing Supply in Woodtrace, TX

How many homes are available in Woodtrace, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2127+28.6%

Summary: The Woodtrace real estate market had 27 homes for sale in October 2024, a 28.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 01
+100.0%
4 1822
+22.2%
5+ 34
+33.3%

Summary: The Woodtrace 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodtrace, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Woodtrace in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Woodtrace, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
149 Days51 Days-65.6%

Summary: Homes in Woodtrace had an average of 51 days on market in Oct 2024, down by 65.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 4 homes were sold in Woodtrace; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 5 Days Ago

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