The Preston Royal Northwest housing market is very competitive. The median sale price of a home in Preston Royal Northwest was $3.1M last month, up 183.8% since last year. The median sale price per square foot in Preston Royal Northwest is $483, down 16.4% since last year.
What is the housing market like in Preston Royal Northwest today?
In October 2024, Preston Royal Northwest home prices were up 183.8% compared to last year, selling for a median price of $3.1M. On average, homes in Preston Royal Northwest sell after 41 days on the market compared to 54 days last year. There were 8 homes sold in October this year, up from 5 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$3,065,000
+183.8% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Preston Royal Northwest, TX
$3,065,000
+183.8%
United States
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How hot is the Preston Royal Northwest housing market?
Preston Royal Northwest is very competitive. Homes sell in 20 days.
0
100
76
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% above list price and go pending in around 20 days.
Hot homes
can sell for about 5% above list price and go pending in around 9 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Preston Royal Northwest, TX
98.4%
-2.3 pt
United States
Schools in Preston Royal Northwest
Learn about schools in the Preston Royal Northwest area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Preston Royal Northwest housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Preston Royal Northwest.
Flood Factor - Minor
<1% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Preston Royal Northwest has a minor risk of flooding. 2 properties in Preston Royal Northwest are likely to be
severely affected
by flooding over the next 30 years. This represents <1% of all properties in Preston Royal Northwest. Flood risk is increasing slower than the national average.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Preston Royal Northwest has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Preston Royal Northwest is most at risk from hurricanes. 480 properties in Preston Royal Northwest have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 78 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 83 mph.
100% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Preston Royal Northwest has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Preston Royal Northwest have a Severe Heat Factor®.
Preston Royal Northwest is expected to see a 242% increase in the number of days over 109ºF over the next 30 years. Preston Royal Northwest is expected to experience 9