Is Dignowity Hill, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dignowity Hill is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Dignowity Hill was a Seller's Market.

Key Takeaway

Dignowity Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Dignowity Hill, TX

How much do homes in Dignowity Hill, TX cost?

Median Sold Price

$320,000

$251/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$50,000(-13.5%)

Key Takeaway

Homes in Dignowity Hill have sold for 13.5% less than they did a year ago.

Summary: The median home sold price in Dignowity Hill was $320,000 in May 2024, down 13.5% from last year, and the median price per square foot was $251.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $340K$325K
-4.4%
2 $306K$309K
+1.0%
3 $385.1K$337.5K
-12.4%
4 $439.9K$715K
+62.5%
5+ -$200K
N/A

Summary: Dignowity Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 12.4%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Downtown
+23.1%
Denver Heights
-8.3%
Dignowity Hill
-13.5%

Housing Supply in Dignowity Hill, TX

How many homes are available in Dignowity Hill, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7190+26.8%

Summary: The Dignowity Hill real estate market had 90 homes for sale in May 2024, a 26.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 32
-33.3%
2 2628
+7.7%
3 3750
+35.1%
4 37
+133.3%
5+ 23
+50.0%

Summary: The Dignowity Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 35.1%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
660.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dignowity Hill, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Dignowity Hill in May 2024, the same as the previous month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Dignowity Hill, TX

How long does it take to sell a home in Dignowity Hill, TX?

Average Sale Time

May 2023May 2024CHANGE
76 Days66 Days-12.6%

Summary: Homes in Dignowity Hill had an average of 66 days on market in May 2024, down by 12.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Dignowity Hill has remained consistent over time.

Summary: During May 2024, 6 homes were sold in Dignowity Hill; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

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