1st Quarter Report 2024
We have seen a quick start to the 2024 real estate season. The information and data below is intended to give you a glimpse at the 1st quarter 2024 market when compared to 2023’s 1st Quarter. This general information is intended to give you a brief overview. Not intended for sales use. If you’d like more details about how the market compares to your specific property, or potential purchase, we have multiple agents that can happily assist you. With that, let’s dive into the data.
Single Family Homes
- 2023:
- Average Days on Market: 179.4 days
- Average Closing Price: $1,749,000
- Average Acreage: 3.459 acres
- Average Square Footage: 3,282.4 sq ft
- Average Cost per Square Foot: $526.59
- Sales Made: 5
- 2024:
- Average Days on Market: 37.0 days
- Average Closing Price: $3,057,333
- Average Acreage: 1.207 acres
- Average Square Footage: 3,741.5 sq ft
- Average Cost per Square Foot: $516.07
- Sales Made: 6
Unimproved Land
- 2023:
- There were no public lot sales made in the 1st quarter of 2023 on the Westside.
- 2024:
- Average Closing Price: $895,000
- Average Acreage: 0.786 acre
- Sales Made: 1
Summary:
- Single Family Homes saw a significant decrease in average days on market from 2023 to 2024, with an increase in average closing price and a higher number of sales. The average acreage has decreased, suggesting a denser development or more central locations of the properties sold in 2024.
- Unimproved Land shows consistency in the number of sales with a slight increase in closing price from 2023 to 2024.
default
*Data gathered exclusively from North Texas Real Estate Information Services (NTREIS) MLS System as of 4/28/2024
Written by Matthew Renfro