Is Baytown, 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, Baytown has remained a Seller's Market.
Housing Prices in Baytown, TX
How much do homes in Baytown, TX cost?
Median Sold Price
$274,974
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $78.5K | $61.7K | -21.4% |
2 Bedrooms | $158K | $135K | -14.6% |
3 Bedrooms | $240K | $245K | +2.1% |
4 Bedrooms | $304K | $315K | +3.6% |
5+ Bedrooms | $365K | $365K | 0.0% |
Summary: Baytown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.4%, 2 bedroom homes decreased by 14.6%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Cove | $251.9K | $312.5K | +24.1% |
Baytown | $265.1K | $274.1K | +3.4% |
Mont Belvieu | $415K | $425K | +2.4% |
Baytown | $275K | $274.9K | 0% |
Beach City | $567.5K | $453K | -20.2% |
Housing Supply in Baytown, TX
How many homes are available in Baytown, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
590 | 622 | +5.4% |
Summary: The Baytown real estate market had 622 homes for sale in May 2024, a 5.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 40 | 43 | +7.5% |
3 Bedrooms | 274 | 286 | +4.4% |
4 Bedrooms | 230 | 249 | +8.3% |
5+ Bedrooms | 41 | 41 | 0.0% |
Summary: The Baytown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
131 | 119 | -9.2% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 119 homes were sold or pending in Baytown in May 2024, down by 9.2% month-over-month. Of the 119 sold homes, 60% were sold under asking, 26% were sold at asking, and 14% were sold over asking.
Days on Market for Baytown, TX
How long does it take to sell a home in Baytown, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
53 Days | 43 Days | -17.6% |
Summary: Homes in Baytown had an average of 43 days on market in May 2024, down by 17.6% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During May 2024, 119 homes were sold in Baytown; 52% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.