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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Porte is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, La Porte was a Seller's Market.

Key Takeaway

La Porte is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in La Porte, TX

How much do homes in La Porte, TX cost?

Median Sold Price

$285,000

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$32,000(+12.6%)

Key Takeaway

Homes in La Porte have sold for 12.6% more than they did a year ago.

Summary: The median home sold price in La Porte was $285,000 in April 2024, up 12.6% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $100K$61.8K
-38.2%
2 $155K$178K
+14.8%
3 $245K$255.9K
+4.5%
4 $315K$350K
+11.1%
5+ $365K$393K
+7.7%

Summary: La Porte housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.2%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Cities

La Porte
+12.6%
Southeast Harris
+8.1%
Pasadena
+2.1%

Housing Supply in La Porte, TX

How many homes are available in La Porte, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
203243+19.7%

Summary: The La Porte real estate market had 243 homes for sale in April 2024, a 19.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 1524
+60.0%
3 114126
+10.5%
4 5172
+41.2%
5+ 2119
-9.5%

Summary: The La Porte 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 60%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes decreased by 9.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4138-7.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

16 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 Porte, expect to pay close to the asking price. 42.1% of homes here sold near the asking price last month.

Summary: A total of 38 homes were sold or pending in La Porte in April 2024, down by 7.3% month-over-month. Of the 38 sold homes, 37% were sold under asking, 42% were sold at asking, and 21% were sold over asking.

Days on Market for La Porte, TX

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

Average Sale Time

Apr 2023Apr 2024CHANGE
61 Days28 Days-53.5%

Summary: Homes in La Porte had an average of 28 days on market in Apr 2024, down by 53.5% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 38 homes were sold in La Porte; 63% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 8% 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 7 Days Ago

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