Is Hockley, 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, Hockley was a Seller's Market.
Housing Prices in Hockley, TX
How much do homes in Hockley, TX cost?
Median Sold Price
$318,810
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hockley was $318,810 in May 2024, up 7.7% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | - | N/A |
2 Bedrooms | $329.2K | $604.5K | +83.6% |
3 Bedrooms | $269.5K | $294.9K | +9.4% |
4 Bedrooms | $330K | $347.7K | +5.4% |
5+ Bedrooms | $467.2K | $437.5K | -6.4% |
Summary: Hockley 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 increased by 83.6%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 6.4%.
Median Sold Price Compared To Nearby Cities
Hockley | $295.9K | $318.8K | +7.7% |
Northwest Harris | $335.1K | $338.2K | +0.9% |
Houston | $317.1K | $315.2K | -0.6% |
Prairie View-Waller | $395K | $389.9K | -1.3% |
Housing Supply in Hockley, TX
How many homes are available in Hockley, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
170 | 187 | +10.0% |
Summary: The Hockley real estate market had 187 homes for sale in May 2024, a 10.0% 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 | 5 | 6 | +20.0% |
3 Bedrooms | 90 | 98 | +8.9% |
4 Bedrooms | 65 | 72 | +10.8% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Hockley 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 increased by 20%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 29 | -14.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Hockley in May 2024, down by 14.7% month-over-month. Of the 29 sold homes, 62% were sold under asking, 21% were sold at asking, and 17% were sold over asking.
Days on Market for Hockley, TX
How long does it take to sell a home in Hockley, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 35 Days | -25.0% |
Summary: Homes in Hockley had an average of 35 days on market in May 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 29 homes were sold in Hockley; 66% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.