Is Hedwig Village, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Hedwig Village was a Seller's Market.
Key Takeaway
Hedwig Village is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hedwig Village, TX
How much do homes in Hedwig Village, TX cost?
Median Sold Price
$307,500
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hedwig Village have sold for 76.3% less than they did a year ago.
Summary: The median home sold price in Hedwig Village was $307,500 in May 2024, down 76.3% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121.5K | $124.5K | +2.5% |
| 2 Bedrooms | $173K | $162.5K | -6.1% |
| 3 Bedrooms | $705.7K | $367K | -48.0% |
| 4 Bedrooms | $1.4M | $1.5M | +7.8% |
| 5+ Bedrooms | $2.2M | $1.6M | -26.1% |
Summary: Hedwig Village housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 48%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 26.1%.
Median Sold Price Compared To Nearby Cities
| Bunker Hill Village | $1.8M | $1.9M | +7.1% |
| Spring Valley Village | $1.1M | $1.2M | +4.1% |
| Piney Point Village | $3.2M | $2.8M | -14.1% |
| Hedwig Village | $1.3M | $307.5K | -76.3% |
Housing Supply in Hedwig Village, TX
How many homes are available in Hedwig Village, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The Hedwig Village real estate market had 9 homes for sale in May 2024, a 18.2% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Hedwig Village 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 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hedwig Village, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Hedwig Village in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Hedwig Village, TX
How long does it take to sell a home in Hedwig Village, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 219 Days | +2333.3% |
Summary: Homes in Hedwig Village had an average of 219 days on market in May 2024, up by 2333.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Hedwig Village are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 1 homes were sold in Hedwig Village; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.