Homes in South Belt / Ellington are moving at a moderate clip in the latest rolling three-month view, with a median of 34 days on market, up slightly from a year ago. That pace is still quicker than some parts of Houston, where months of supply has risen to 6 compared with 3.8 months locally.
Prices have been relatively steady, with the typical home value around $266,925, edging up year over year. Sellers are achieving close to asking, as the average sale-to-list ratio sits just under 98 percent. A growing share of properties, about 18 percent, are closing above list price, which is higher than a year ago and suggests select homes still see strong interest.
Inventory is higher than last year in terms of months of supply, even though active listings have dipped slightly and sales volume is down nearly 10 percent year over year. New listings have increased over the same period, giving buyers a bit more to choose from while keeping South Belt / Ellington in seller’s market territory. With off-market-in-two-weeks activity near one-third of sales and pending deals down from last year, conditions can feel mixed and nuanced. In a market like this, both buyers and sellers can lean on Agent Pronto to match them with an agent who understands these trends and can guide their next move.
