The West, TX housing market is moderately competitive, offering opportunities for both buyers and sellers. In the West, TX area, the median sale price of a home last month was $345K, reflecting a 10.2% decrease compared to the previous year. This decline may indicate a slight cooling in the market, potentially providing buyers with more negotiating power. Despite the drop in prices, demand remains steady, making this a favorable time for those looking to enter the market or invest in the area.
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In December 2024, home prices in West, TX saw a 10.2% year-over-year decline, with a median sale price of $345K. Homes in the area took an average of 64 days to sell, a notable increase from 34 days during the same period last year, indicating a slower market pace. Despite this, sales activity surged, with 16 homes sold in December, up from just 9 the previous year. This rise in transactions suggests growing buyer interest, even as market conditions have shifted toward longer selling timelines and more competitive pricing.
West, TX has a moderately competitive housing market, with homes typically selling in about 37 days. While some properties receive multiple offers, the average home sells for approximately 3% below the list price and goes under contract within 37 days. However, "hot" homes—those in high demand—tend to sell faster, going pending in just 12 days and selling for around 1% below the list price. This dynamic highlights opportunities for buyers to negotiate while also emphasizing the need for decisive action on highly sought-after properties.
In December 2024, West, TX was a buyer's market, indicating that the supply of homes exceeded the demand. This creates favorable conditions for buyers, who may have more options to choose from and greater leverage in negotiations, often resulting in lower purchase prices or additional concessions from sellers.
Whether you're curious about available properties or eager to begin your homebuying journey, we're here to help. Contact us today with any questions or to schedule a viewing of our listings. Let us guide you towards finding your dream property in the charming community of West, TX!
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Cate is a dynamic, performance-driven, goal-oriented professional with 10+ years of experience in the areas of leadership, sales, marketing and real estate. Allison, being raised in the Real Estate business is what gives her the passion behind what she does.
