Is Lee County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lee County was a Seller's Market.
Housing Prices in Lee County, TX
How much do homes in Lee County, TX cost?
Median Sold Price
$316,500
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lee County was $316,500 in May 2024, up 18.1% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $193.5K | $140K | -27.6% |
2 Bedrooms | $181.8K | $235K | +29.2% |
3 Bedrooms | $287K | $316.5K | +10.3% |
4 Bedrooms | $425K | $385K | -9.4% |
5+ Bedrooms | - | $1.5M | N/A |
Summary: Lee County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.6%, 2 bedroom homes increased by 29.2%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Lee County | $268.1K | $316.5K | +18.1% |
Washington County | $320K | $336.9K | +5.3% |
Fayette County | $385K | $390K | +1.3% |
Milam County | $237K | $225K | -5.1% |
Burleson County | $315K | $278K | -11.7% |
Housing Supply in Lee County, TX
How many homes are available in Lee County, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 58 | -6.5% |
Summary: The Lee County real estate market had 58 homes for sale in May 2024, a 6.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 35 | 33 | -5.7% |
4 Bedrooms | 13 | 10 | -23.1% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Lee County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 8 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Lee County in May 2024, down by 42.9% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.
Days on Market for Lee County, TX
How long does it take to sell a home in Lee County, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
113 Days | 51 Days | -54.6% |
Summary: Homes in Lee County had an average of 51 days on market in May 2024, down by 54.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Lee County; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.