Is Port Arthur, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Port Arthur has remained a Buyer's Market.
Key Takeaway
Port Arthur is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Port Arthur, TX
How much do homes in Port Arthur, TX cost?
Median Sold Price
$200,000
$111/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Port Arthur have sold for 129.9% more than they did a month ago.
Summary: The median home sold price in Port Arthur was $200,000 in May 2024, up 129.9% from last month, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $31K | $37K | +19.2% |
| 3 Bedrooms | $106K | $215K | +102.8% |
| 4 Bedrooms | $97K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Port Arthur housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 102.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Port Arthur | $87K | $200K | +129.9% |
| Port Neches | $215.5K | $420K | +94.9% |
| Bridge City-Orangefield | $138K | $248.6K | +80.1% |
| Nederland | $273.5K | $218K | -20.3% |
Housing Supply in Port Arthur, TX
How many homes are available in Port Arthur, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 72 | 71 | -1.4% |
Summary: The Port Arthur real estate market had 71 homes for sale in May 2024, a 1.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 44 | 40 | -9.1% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Port Arthur housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Port Arthur, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Port Arthur in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Port Arthur, TX
How long does it take to sell a home in Port Arthur, TX?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 60 Days | 142 Days | +136.6% |
Summary: Homes in Port Arthur had an average of 142 days on market in May 2024, up by 136.6% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Port Arthur are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 7 homes were sold in Port Arthur; 43% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”. 
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.