Bryan College Station 2020 Real Estate Market Performance

Every year, the Bryan College Station Regional Association of Realtors puts out a year-end report on how key real estate designations performed for a range of real estate market statistics. Those metrics include:

  • Median Price
  • Active Listings
  • Closed Sales
  • Days on Market
  • Months of Inventory
  • Listing Price Distribution

If you’d like clarification on what each of these metrics mean, you can scroll to the bottom of the post.

Below, we’ll provide real annual real estate statistics for the following areas:

  • Bryan, TX
  • College Station, TX
  • Bryan-College Station Combined Metro
  • Brazos County, TX

Bryan TX Real Estate Report – 2020 Overall

bryan tx annual housing report infographic - Bo Ward

Bryan TX 2020 Housing Performance Metrics

In 2020, Bryan TX median home price rose 2.2% from the previous year to a price of $201,375. Active real estate listings in Bryan TX increased 5.4% to a total of 369 in 2020 from 2019. The percentage of closed sales in Bryan TX increased 23.9% from 2019 to a total of 1,209 this year. In terms of Bryan TX housing supply, days on market increased 9 days from 2019 to an average of 103 days on market, while months of inventory dropped 1.6 months from 2019 to a total of 2.8 months of inventory in 2020.

  • Bryan TX Median Price in 2020: $201,375
  • Bryan TX Median Price Change (vs. 2019): +2.2%
  • Bryan TX Active Listings in 2020: 369
  • Bryan TX Active Listings Change (vs. 2019):  +5.4%
  • Bryan TX Closed Sales in 2020: 1,209
  • Bryan TX Closed Sales Change (vs. 2019): +23.9%
  • Bryan TX Avg. Days on Market in 2020: 103
  • Bryan TX Avg. Days on Market Change (vs. 2019): +9 Days
  • Bryan TX Months of Inventory in 2020: 2.8
  • Bryan TX Months of Inventory Change (vs. 2019): -1.6 Months

College Station Real Estate Report – 2020 Overall

College Station tx annual housing report infographic - Bo Ward

College Station 2020 Housing Performance Metrics

In 2020, College Station median home price increased 4.7% from the previous year to a price of $245,000. Active real estate listings in College Station decreased 14.6% to a total of 612 in 2020 from 2019. The percentage of closed sales in College Station increased 10.9% from 2019 to a total of 1,937 this year. In terms of College Station housing supply, days on market increased 4 days from 2019 to an average of 109 days on market, while months of inventory decreased 1.5 months from 2019 to a total of 2.4 months of inventory in 2020.

  • College Station Median Price in 2020: $245,000
  • College Station Median Price Change (vs. 2019): +4.7%
  • College Station Active Listings in 2020: 612
  • College Station Active Listings Change (vs. 2019):  –14.6%
  • College Station Closed Sales in 2020: 1,937
  • College Station Closed Sales Change (vs. 2019): +10.9%
  • College Station Avg. Days on Market in 2020: 109
  • College Station Avg. Days on Market Change (vs. 2019): +4 Days
  • College Station Months of Inventory in 2020: 2.4
  • College Station Months of Inventory Change (vs. 2019): -1.5 Months

Bryan/College Station Combined Real Estate Report – 2020 Overall

Bryan College Station Combined annual housing report infographic - Bo Ward

Bryan/College Station Combined 2020 Housing Performance Metrics

In 2020, Bryan-College Station Combined median home price increased 2.2% from the previous year to a price of $201,375. Active real estate listings in Bryan-College Station Combined increased 7% to a total of 1,299 in 2020 from 2019. The percentage of closed sales in Bryan-College Station Combined increased 21.3% from 2019 to a total of 4,116 this year. In terms of Bryan-College Station Combined housing supply, days on market increased 7 days from 2019 to an average of 111 days on market, while months of inventory decreased 1.5 months from 2019 to a total of 2.8 months of inventory in 2020.

  • Bryan-College Station Combined Median Price in 2020: $233,573
  • Bryan-College Station Combined Median Price Change (vs. 2019): +5%
  • Bryan-College Station Combined Active Listings in 2020: 1,299
  • Bryan-College Station Combined Active Listings Change (vs. 2019):  -7%
  • Bryan-College Station Combined Closed Sales in 2020: 4,116
  • Bryan-College Station Combined Closed Sales Change (vs. 2019): +21.3%
  • Bryan-College Station Combined Avg. Days on Market in 2020: 111
  • Bryan-College Station Combined Avg. Days on Market Change (vs. 2019): +7 Days
  • Bryan-College Station Combined Months of Inventory in 2020: 2.8
  • Bryan-College Station Combined Months of Inventory Change (vs. 2019): -1.5 Months

Brazos County Real Estate Report – 2020 Overall

Brazos County annual housing report infographic - Bo Ward

Brazos County 2020 Housing Performance Metrics

In 2020, Brazos County median home price increased 5.3% from the previous year to a price of $237,00. Active real estate listings in Brazos County decreased 4.6% to a total of 1,173 in 2020 from 2019. The percentage of closed sales in Brazos County increased 19.2% from 2019 to a total of 3,692 this year. In terms of Brazos County housing supply, days on market increased 6 days from 2019 to an average of 109 days on market, while months of inventory decreased 1.3 months from 2019 to a total of 2.8 months of inventory in 2020.

  • Brazos County Median Price in 2020: $237,000
  • Brazos County Median Price Change (vs. 2019): +5.3%
  • Brazos County Active Listings in 2020: 1,173
  • Brazos County Active Listings Change (vs. 2019):  -4.6%
  • Brazos County Closed Sales in 2020: 3,692
  • Brazos County Closed Sales Change (vs. 2019): +19.2%
  • Brazos County Avg. Days on Market in 2020: 109
  • Brazos County Avg. Days on Market Change (vs. 2019): +6 Days
  • Brazos County Months of Inventory in 2020: 2.8
  • Brazos County Months of Inventory Change (vs. 2019): -1.3 Months

Real Estate Market Data Point Glossary

What is does “median price” mean in real estate?

A median price is the middle price point of all homes for sale in a specific location for a specific time frame. As an example if you had 99 homes priced between $300,000 to $500,000, the 55th home in that segment would be the “median price.” It’s different from the average or “mean” in that it’s not an average of all prices, but the price point at which 1/2 the home prices are higher, and 1/2 are lower.

The real estate industry uses the median to account for any homes that might sell extraordinarily high or low in a market. It gives a clearer picture of the overall price of the real estate in the area.

What is an “active listing” in real estate?

An active listing is any real estate property that is available on the market. Active listings can have offers submitted on them, but those offers have not yet been accepted, so it’s still available for other homebuyers to put in competing offers.

The number of active listings in a real estate market is an indication that new properties are entering the market while existing properties continue to be listed and sold. The higher the number of active listings, the more buying power homebuyers have.

What is a “closed sale” in real estate?

A closed sale means that the ownership of the property has actually transitioned to the new homeowners. Once a listed property goes under contract, that means that both the buyer and seller have committed to the transaction, but there are many additional steps involved until the property title and full ownership is actually transferred. A property can be listed as sold during the closing process before it has actually transferred ownership.

What does “days on market” mean in real estate?

The “days on market” metric in real estate statistics keeps track of the average number of days a property remains active on the market. This is an indication of how quickly homes are being sold. Typically, you’ll find good value homes in up and coming neighborhoods spend fewer days on the market than luxury properties. The lower “days on market” average, the more active your real estate market is.

What does “months of inventory” mean in real estate?

In real estate, “months of inventory” refers to the number of months active listings are available based on the number of sellers and buyers in the market. It’s calculated by diving the number of current active listings divided by the number of sold transactions the previous month. This statistic is also sometimes called the “supply.”

What does “listing price distribution” mean in real estate?

Listing price distribution is a metric that keeps tabs on how asking prices are divided up among key price points. Often you’ll see market prices broken down into 100,000 increments. This metric gives an overall view of the average asking prices for a segment of real estate in an area.

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