The Parker County housing market has seen a significant increase in inventory from January to February 2023, with 965 homes currently for sale. This marks a 30.9% increase in available homes in just one month, according to recent data.
While the median list price for February 2023 was $465,495, the average time on the market was 87 days. It's important to note that the list price of homes in Parker County has increased by 18.1% since February 2022, according to data from Zillow.
In terms of specific changes in the housing market, the cost of 1-bedroom properties went up by 10.2% between January 2023 and February 2023. The cost of 2-bedroom properties went up by 23.4%, while the prices of 3-bedroom and 4-bedroom properties increased by 17.2% and 19.4% respectively. Homes with 5 or more bedrooms also saw a rise in price, with a 13% increase observed between January and February of 2023.
When it comes to the number of homes available in each category, 1-bedroom and 2-bedroom homes did not see any change. The quantity of 3-bedroom homes increased by 30.3%, while the number of 4-bedroom and 5-bedroom homes increased by 35.2% and 30.2% respectively.
With this significant increase in inventory and rising list prices, it's important for potential buyers and sellers to stay informed and work with a trusted real estate agent in Parker County. As the market continues to shift, keeping up with the latest data and trends will be essential for making informed decisions.