Is Bellaire, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bellaire has remained a Seller's Market.
Housing Prices in Bellaire, TX
How much do homes in Bellaire, TX cost?
Median Sold Price
$1,094,500
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bellaire was $1,094,500 in May 2024, up 12% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $430K | $400K | -7.0% |
3 Bedrooms | $458.5K | $550K | +20.0% |
4 Bedrooms | $1.0M | $1.1M | +12.3% |
5+ Bedrooms | $1.3M | $1.4M | +4.7% |
Summary: Bellaire housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
Bellaire | $977.5K | $1.0M | +12.0% |
Houston | $317.1K | $315.2K | -0.6% |
Housing Supply in Bellaire, TX
How many homes are available in Bellaire, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
84 | 99 | +17.9% |
Summary: The Bellaire real estate market had 99 homes for sale in May 2024, a 17.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 17 | 22 | +29.4% |
4 Bedrooms | 43 | 49 | +14.0% |
5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The Bellaire housing inventory by bedroom type for May 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 29.4%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 24 | 0.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Bellaire in May 2024, the same as the previous month. Of the 24 sold homes, 79% were sold under asking, 4% were sold at asking, and 17% were sold over asking.
Days on Market for Bellaire, TX
How long does it take to sell a home in Bellaire, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 32 Days | -19.0% |
Summary: Homes in Bellaire had an average of 32 days on market in May 2024, down by 19% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Bellaire; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.