Is Downtown, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Downtown was a Seller's Market.
Housing Prices in Downtown, TX
How much do homes in Downtown, TX cost?
Median Sold Price
$725,000
$778/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Downtown was $725,000 in May 2024, down 11.9% from last year, and the median price per square foot was $778.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $620K | $552.2K | -10.9% |
2 Bedrooms | $1.0M | $849.9K | -22.0% |
3 Bedrooms | $2.3M | $1.7M | -25.9% |
4 Bedrooms | $4.0M | $3.7M | -5.0% |
5+ Bedrooms | - | - | N/A |
Summary: Downtown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.9%, 2 bedroom homes decreased by 22%, 3 bedroom homes decreased by 25.9%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Downtown | $822.8K | $725K | -11.9% |
Downtown | $822.8K | $725K | -11.9% |
Housing Supply in Downtown, TX
How many homes are available in Downtown, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
198 | 222 | +12.1% |
Summary: The Downtown real estate market had 222 homes for sale in May 2024, a 12.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 70 | 85 | +21.4% |
2 Bedrooms | 93 | 98 | +5.4% |
3 Bedrooms | 30 | 33 | +10.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Downtown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Downtown in May 2024, the same as the previous month. Of the 19 sold homes, 63% were sold under asking, 21% were sold at asking, and 16% were sold over asking.
Days on Market for Downtown, TX
How long does it take to sell a home in Downtown, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
78 Days | 62 Days | -20.2% |
Summary: Homes in Downtown had an average of 62 days on market in May 2024, down by 20.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Downtown; 47% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.