Is Lake South, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lake South was a Seller's Market.
Housing Prices in Lake South, TX
How much do homes in Lake South, TX cost?
Median Sold Price
$575,000
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake South was $575,000 in April 2024, down 5.7% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $250K | -23.1% |
2 Bedrooms | $575K | $466.5K | -18.9% |
3 Bedrooms | $590K | $577.5K | -2.1% |
4 Bedrooms | $826.5K | $600K | -27.4% |
5+ Bedrooms | $1.1M | $1.5M | +34.8% |
Summary: Lake South housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.1%, 2 bedroom homes decreased by 18.9%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 27.4%, and 5+ bedroom homes increased by 34.8%.
Median Sold Price Compared To Nearby Neighborhoods
Lake South | $609.5K | $575K | -5.7% |
Apache Shores | $604.5K | $564.5K | -6.6% |
Housing Supply in Lake South, TX
How many homes are available in Lake South, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 58 | +20.8% |
Summary: The Lake South real estate market had 58 homes for sale in April 2024, a 20.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 23 | 26 | +13.0% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Lake South housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Lake South in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Lake South, TX
How long does it take to sell a home in Lake South, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
75 Days | 54 Days | -28.4% |
Summary: Homes in Lake South had an average of 54 days on market in Apr 2024, down by 28.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Lake South; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.