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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Marque-Hitchcock is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, La Marque-Hitchcock was a Seller's Market.

Key Takeaway

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

Housing Prices in La Marque-Hitchcock, TX

How much do homes in La Marque-Hitchcock, TX cost?

Median Sold Price

$286,722

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$3,476(-1.2%)

Key Takeaway

Homes in La Marque-Hitchcock have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in La Marque-Hitchcock was $286,722 in April 2024, down 1.2% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $107K$222.5K
+107.9%
2 $279.9K$299K
+6.8%
3 $265K$270.9K
+2.2%
4 $306K$299.9K
-2.0%
5+ $345K$329.4K
-4.5%

Summary: La Marque-Hitchcock housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 107.9%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 4.5%.

Median Sold Price Compared To Nearby Cities

Hitchcock
+9.3%
La Marque
+8.7%
Bayou Vista
-1.1%
La Marque-Hitchcock
-1.2%
Tiki Island
-9.6%

Housing Supply in La Marque-Hitchcock, TX

How many homes are available in La Marque-Hitchcock, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
224276+23.2%

Summary: The La Marque-Hitchcock real estate market had 276 homes for sale in April 2024, a 23.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 44
0.0%
2 2833
+17.9%
3 122152
+24.6%
4 5973
+23.7%
5+ 1114
+27.3%

Summary: The La Marque-Hitchcock 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 increased by 17.9%, 3 bedroom homes increased by 24.6%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2635+34.6%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Marque-Hitchcock, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in La Marque-Hitchcock in April 2024, up by 34.6% month-over-month. Of the 35 sold homes, 43% were sold under asking, 34% were sold at asking, and 23% were sold over asking.

Days on Market for La Marque-Hitchcock, TX

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

Average Sale Time

Apr 2023Apr 2024CHANGE
56 Days55 Days-2.4%

Summary: Homes in La Marque-Hitchcock had an average of 55 days on market in Apr 2024, down by 2.4% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 35 homes were sold in La Marque-Hitchcock; 40% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 23% 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 10 Days Ago

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