1st Quarter Report 2024
We’ve 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: 101 days
- Average Closing Price: $465,000
- Average Acreage: 4.02 acres
- Average Square Footage: 2,100 sq ft
- Average Cost per Square Foot: $221.43
- Sales Made: 1
- 2024
- Average Days on Market: 105 days
- Average Closing Price: $405,000
- Average Acreage: 2.00 acres
- Average Square Footage: 1,876 sq ft
- Average Cost per Square Foot: $215.88
- Sales Made: 1
Unimproved Land
- 2023
- Average Days on Market: 172.4 days
- Average Closing Price: $69,600
- Average Acreage: 1.92 acres
- Sales Made: 10
- 2024
- Average Days on Market: 233.4 days
- Average Closing Price: $65,900
- Average Acreage: 4.52 acres
- Sales Made: 5
Summary:
- Single Family Homes the interior home market between 2023 and 2024 seems to holding steady.
- Unimproved Land Larger acreage seems to be the hot item for the first quarter of 2024. Half as many sales in this quarter compared to 2023.
*Data gathered exclusively from North Texas Real Estate Information Services (NTREIS) MLS System as of 4/28/2024
Written by Matthew Renfro