With the Texas Summer officially here, I usually get more phone calls from people asking about homes with swimming pools. It’s not surprising with the warmer temps. The temperature in Waco today, I think the weather guy said, was 738 degrees! With the heat index, it feels like 1,216 degrees.
Often though, some of those folks who are asking me about homes with pools are often surprised how ‘rare’ they are. You would think with the Texas heat every year, more homes on the market would actually have a cement pond!
I decided to do the math and analysis of homes on the market that actually have a pool. What I found was actually kind of interesting… well at least to me, but I can be a numbers nerd from time to time… okay, most of the time. 🙂
I should note though, a couple of these numbers may be skewed just a little. I’ll explain: Sometimes when a Realtor inputs the listing into the MLS system, if the community where the house is located has a neighborhood pool for everyone, some real estate agents will mark that the house actually has a pool. I tend to disagree with this. In the MLS system, when I’m looking for homes, I’m looking at specifics about the house only, not the community where it resides. I usually already know about the community and its amenities.
If I have a listing in a neighborhood that has a community pool then I’ll note that fact in the remarks section of the listing. I won’t choose the option that the HOUSE has a pool, because in all honesty, the house doesn’t have the pool… The neighborhood does.
Actually, I hope to get this changed. I sit on the Waco Associations of Realtors’ MLS Committee this year and I’ve already brought up the swimming pool issue. It would be nice to specify if the house has a private pool or a community pool. That alone could clear up some misunderstandings and make it more clear.
Anyway, back to the original point. When I looked up the listings and did the analysis for homes with swimming pools, I did NOT differentiate between those private pools and community pools. So if you’re looking for a private swimming located on your property, these number should come in a little lower:
- Only 9.4% of the homes currently on the market have a swimming pool
- Out of all the homes on the market that have a pool, a majority of them (87%) are classified as having a pool that is “in-ground”.
- The median asking price of homes that have a pool is $249,000 vs. $128,650 for homes that have no pool
- The median asking price of homes that have an “in-ground” pool is $269,000
- Since the beginning of the year, 9.3% of homes sold had a swimming pool
- The average days on market for homes with a pool is 172
- The average days on market for homes without a pool is 159
- There’s a little more than 9 months worth of inventory of homes with pools on the market
- Homes without pools? About 8.4 months worth of inventory
- Out of homes that are on the market right now that have swimming pools – 50% have 4 or more bedrooms and 47% have at least 3 bathrooms
- The median age of homes for sale with pools is 24 years
- The median square footage of homes with pools is 2,553
- Only 11.3% of homes for sale that have a swimming pool are no older than 5 years. Basically, for the whole Waco area, if you wanted a home with a pool and didn’t want it to be more than five years old, at least 4 bedroom 3 bathroom, with at least 2,000 square feet, you’d only have 8 houses to choose from. Out of those 8 houses, 6 are in Midway ISD.
- Homes for sale with a swimming pool breakdown (by school district): 1 – Axtell, 1 – Bosqueville, 1 – Bruceville-Eddy, 7 – China Spring, 4 – Connally, 2 – Gatesville, 6 – Lorena, 1-Marlin, 1 – Mart, 31 – Midway, 3 – Robinson, 1- Rosebud-Lott, 6 – West, 35 – Waco
Looks like Waco and Midway school districts (combined) account for 50% of the homes that have swimming pools.
These numbers aren’t life altering, but it does shine some light on where the Waco Real Estate market is concerning homes with pools. I always find stats a little interesting, especially when you really start to break them down.
Hope the numbers answered some questions or were, at least, a little fun to read.
If you’re looking for a house right now and need specific statistics concerning what you may be personally looking for, call me anytime or you can contact me online.