Is Imperial Oaks, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Imperial Oaks has remained a Seller's Market.
Housing Prices in Imperial Oaks, TX
How much do homes in Imperial Oaks, TX cost?
Median Sold Price
$390,514
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Imperial Oaks was $390,514 in May 2024, up 4.6% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $297.5K | N/A |
3 Bedrooms | $318.2K | $317.5K | -0.2% |
4 Bedrooms | $389.9K | $425K | +9.0% |
5+ Bedrooms | $557K | $637K | +14.4% |
Summary: Imperial Oaks 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 did not change, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 14.4%.
Housing Supply in Imperial Oaks, TX
How many homes are available in Imperial Oaks, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
101 | 110 | +8.9% |
Summary: The Imperial Oaks real estate market had 110 homes for sale in May 2024, a 8.9% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 32 | 39 | +21.9% |
4 Bedrooms | 60 | 63 | +5.0% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Imperial Oaks 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 remained the same, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 19 | -29.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Imperial Oaks in May 2024, down by 29.6% month-over-month. Of the 19 sold homes, 68% were sold under asking, 11% were sold at asking, and 21% were sold over asking.
Days on Market for Imperial Oaks, TX
How long does it take to sell a home in Imperial Oaks, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 36 Days | +1.6% |
Summary: Homes in Imperial Oaks had an average of 36 days on market in May 2024, up by 1.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Imperial Oaks; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.