Blackhorse Ranch Real Estate Market Report

Blackhorse Ranch is a golf course community  located in Cypress, a suburb of Northwest Houston.  Located in the Cypress Independent School District, residents enjoy the proximity of a good round of golf, good schools, and convenient shopping. 

Please look at the table below to see how the real estate market in Blackhorse Ranch is doing.  Using the data from the Houston Association of Realtors (HAR) Multiple Listing Service (MLS), you can see how many homes sold in Blackhorse Ranch each month as well as the average days on market, and the average price per square foot of the sold listings.  Please click on table to view larger.

There was a robust month of home sales for the month of March.  5 homes sold in Blackhorse Ranch this March, compared to only one home that sold in Blackhorse Ranch the same month last year.  None of the home sales were distressed sales, meaning there were no short sales or foreclosures this month.

Absorption Rate In Blackhorse Ranch

There are currently 26 homes for sale in Blackhorse Ranch.   The absorption rate is the rate at which homes sell in a given year.  To calculate the absorption rate, you must find out the average number of homes that sell per month.

To do so, add up the year’s months of sales, and divide by 12.  55 homes have sold in Blackhorse Ranch this past year.  When you divide that number by 12, you get an average of 5 homes that sell per month.   5 Homes are “Absorbed” each month in Blackhorse Ranch. 

Since Blackhorse Ranch currently has 26 homes on the market, you will need to divide 26 by 5 to determine whether you have a buyers’ market or a sellers’ market.  It will take 5 months to sell all the inventory that is currently on the market in Blackhorse Ranch.  Economists say that it is a sellers’ market when it takes less than 6 months to sell off all of the inventory of homes. 

Sellers, are you ready to list your home with Giraffe Realty?  Please give us a call at your earliest convenience.