Is La Marque, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Marque is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, La Marque has remained a Buyer's Market.

Key Takeaway

La Marque is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in La Marque, TX

How much do homes in La Marque, TX cost?

Median Sold Price

$281,799

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$41,799(+17.4%)

Key Takeaway

Homes in La Marque have sold for 17.4% more than they did a year ago.

Summary: The median home sold price in La Marque was $281,799 in February 2024, up 17.4% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $85K$115.4K
+35.8%
2 $159.9K$143K
-10.6%
3 $225K$252K
+12.0%
4 $294K$315K
+7.1%
5+ $365.7K$326K
-10.9%

Summary: La Marque housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.8%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 10.9%.

Median Sold Price Compared To Nearby Cities

Hitchcock
+41.9%
La Marque
+17.4%
La Marque-Hitchcock
+4.8%
Texas City
+4.4%
Texas City-League City
0%

Housing Supply in La Marque, TX

How many homes are available in La Marque, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
181207+14.4%

Summary: The La Marque real estate market had 207 homes for sale in February 2024, a 14.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 02
+100.0%
2 97
-22.2%
3 92109
+18.5%
4 7481
+9.5%
5+ 68
+33.3%

Summary: The La Marque housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3019-36.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Marque, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in La Marque in February 2024, down by 36.7% month-over-month. Of the 19 sold homes, 42% were sold under asking, 42% were sold at asking, and 16% were sold over asking.

Days on Market for La Marque, TX

How long does it take to sell a home in La Marque, TX?

Average Sale Time

Feb 2023Feb 2024CHANGE
114 Days75 Days-34.2%

Summary: Homes in La Marque had an average of 75 days on market in Feb 2024, down by 34.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in La Marque are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 19 homes were sold in La Marque; 42% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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