Is Palestine, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Palestine was a Neutral Market.
Housing Prices in Palestine, TX
How much do homes in Palestine, TX cost?
Median Sold Price
$288,750
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Palestine was $288,750 in April 2024, up 5% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67K | $320.5K | +378.4% |
2 Bedrooms | $185K | $235K | +27.0% |
3 Bedrooms | $218K | $278K | +27.5% |
4 Bedrooms | $336.2K | $315K | -6.3% |
5+ Bedrooms | $359K | $400K | +11.4% |
Summary: Palestine housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 378.4%, 2 bedroom homes increased by 27%, 3 bedroom homes increased by 27.5%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 11.4%.
Housing Supply in Palestine, TX
How many homes are available in Palestine, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 58 | -1.7% |
Summary: The Palestine real estate market had 58 homes for sale in April 2024, a 1.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 30 | 28 | -6.7% |
4 Bedrooms | 15 | 15 | 0.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Palestine housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Palestine in April 2024, down by 16.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Palestine, TX
How long does it take to sell a home in Palestine, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 59 Days | +6.4% |
Summary: Homes in Palestine had an average of 59 days on market in Apr 2024, up by 6.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Palestine; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.