Midlothian Meadows - State of the Neighborhood Q4 2010

By
Home Inspector with Texas Inspected TREC # 20406

 

PROPERTY VALUES IN OUR NEIGHBORHOOD

This newsletter is a snapshot of the real estate market in Midlothian Meadows, specifically for the 4th quarter of 2010.

 

Current Homes on Market

Average List Price

List Price / Sq Ft

Avg Days on Market

Midlothian Meadows

(11 homes)

$153,659

$77.63

89 days

All Midlothian

(225 homes)

$224,629

$86.18

135 days

 

Homes Sold

Average List Price

Average Sale Price

Sale Price / Sq Ft

Avg Days on Market

Midlothian Meadows

4th Quarter 2010

(4 homes)

$148,357

$150,313

$78.32

66 days

All Midlothian
4th Quarter 2010

$182,118

$176,203

$75.12

118 days

Midlothian Meadows
3rd Quarter 2010

(2 homes)

$149,633

$138,510

$72.74

73 days

All Midlothian

3rd Quarter 2010

$212,076

$203,702

$83.50

106 days

Absorption Rate*

All 2010

4th Quarter 2010

December 2010

Midlothian Meadows

7.76

8.25

11

All Midlothian

8.21

8.92

8

 

*- Absorption rate is used to determine trends in a market by using the number of current listings and the number of sold properties in a given time frame to measure how long it is taking to sell market inventory. An absorption rate greater than six is considered to signify a buyer’s market, and below six is a seller’s market.

 

The good news is that homes in our neighborhood are staying on the market for a shorter period of time than homes in the rest of Midlothian, and our sales price per square foot for the 4th quarter is actually higher than the 3rd quarter. However, it is still very much a buyer's market, so if you are selling your home in early 2011, you will probably need to be aggressive with your pricing. Unless you are forced to sell quickly, it would be best to wait until late spring/early summer when the market traditionally picks up.

 

This data was compiled using the MLS database (NTREIS).

For more Midlothian market info, check out my Hill Crest market report and my Park Place market report.

 

Comments (48)

Anonymous
NSDsFQxdqgpb

LcQwXBDaWuhKrlpV

May 21, 2020 08:16 PM
#31
Anonymous
RxXrYAJoCZylTIL

LDghwOfNoZnWi

May 21, 2020 08:16 PM
#32
Anonymous
gzscXVpHbDewSt

MvmQjnJK

May 22, 2020 09:37 AM
#33
Anonymous
JEkGIsgoZxU

bgqwWXfeDrCV

May 22, 2020 09:37 AM
#34
Anonymous
UAMOqJzCxyvfw

ZEjGmwtqKeV

Jun 12, 2020 04:49 PM
#35
Anonymous
xPAgtlbqiRCmpZcS

fEaSsZMCdRmlnNy

Jun 12, 2020 04:50 PM
#36
Anonymous
GMkSmvPYHCRzuI

JAmXsPLdSrtRFgEv

Jul 12, 2020 04:28 AM
#37
Anonymous
zFkiadbIlfOjZLmU

HfVmgOsCYSFUhqTy

Jul 12, 2020 04:28 AM
#38
Anonymous
ypShHuaBQY

yiZaSNBgoVWuMU

Jul 22, 2020 01:50 PM
#39
Anonymous
pjUsLfoIqv

gznlYLuBx

Jul 22, 2020 01:50 PM
#40
Anonymous
YflSAKHghkpG

SNAVRmFGUsE

Jul 22, 2020 02:34 PM
#41
Anonymous
iEmhyXSHWf

MLRvjiZDCSksOFTG

Jul 22, 2020 02:34 PM
#42
Anonymous
VseKhjuFHI

GbyXkSMrFVdChL

Jul 23, 2020 05:54 AM
#43
Anonymous
HrvcJzISbgC

WEzxVtZhf

Jul 23, 2020 05:54 AM
#44
Anonymous
alxqOBSht

vWIAGaYi

Aug 07, 2020 05:59 PM
#45
Anonymous
odDwubBe

wsLBVpuOAgDPc

Aug 07, 2020 05:59 PM
#46
Anonymous
UgjFzHMukBlGbp

UHuevlTcNLyJhWaK

Aug 13, 2020 12:41 PM
#47
Anonymous
oVaLfyAMJFQ

SpmJaCBObYgvixW

Aug 13, 2020 12:41 PM
#48
Anonymous
lbSgqGCXMDEv

XbktgqfJ

Sep 08, 2020 08:14 PM
#49
Anonymous
GgtXmczZBkqs

DJVhRPxGobEQ

Sep 08, 2020 08:14 PM
#50