Is Downtown, 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, Downtown was a Seller's Market.
Housing Prices in Downtown, TX
How much do homes in Downtown, TX cost?
Median Sold Price
$760,000
$779/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Downtown was $760,000 in April 2024, down 6.1% from last year, and the median price per square foot was $779.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $635K | $550K | -13.4% |
2 Bedrooms | $1.0M | $955K | -11.2% |
3 Bedrooms | $2.2M | $2.0M | -12.2% |
4 Bedrooms | $4.0M | $3.7M | -5.0% |
5+ Bedrooms | $2.6M | - | N/A |
Summary: Downtown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.4%, 2 bedroom homes decreased by 11.2%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Downtown | $809.2K | $760K | -6.1% |
Downtown | $809.2K | $760K | -6.1% |
Housing Supply in Downtown, TX
How many homes are available in Downtown, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
186 | 217 | +16.7% |
Summary: The Downtown real estate market had 217 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 64 | 76 | +18.8% |
2 Bedrooms | 89 | 101 | +13.5% |
3 Bedrooms | 29 | 34 | +17.2% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Downtown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 17 | +41.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Downtown in April 2024, up by 41.7% month-over-month. Of the 17 sold homes, 82% were sold under asking, 0% were sold at asking, and 18% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
70 Days | 127 Days | +81.6% |
Summary: Homes in Downtown had an average of 127 days on market in Apr 2024, up by 81.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Downtown; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.