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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Vernia is a buyer's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in La Vernia, TX

How much do homes in La Vernia, TX cost?

Median Sold Price

$538,000

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$18,000(+3.5%)

Key Takeaway

Homes in La Vernia have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in La Vernia was $538,000 in April 2024, up 3.5% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $235K$378.7K
+61.2%
3 $436.1K$450K
+3.2%
4 $557.4K$554.5K
-0.5%
5+ $585K$703K
+20.2%

Summary: La Vernia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 61.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 20.2%.

Housing Supply in La Vernia, TX

How many homes are available in La Vernia, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
129134+3.9%

Summary: The La Vernia real estate market had 134 homes for sale in April 2024, a 3.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 22
0.0%
3 4953
+8.2%
4 7273
+1.4%
5+ 66
0.0%

Summary: The La Vernia 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 8.2%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1613-18.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Vernia, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in La Vernia in April 2024, down by 18.8% month-over-month. Of the 12 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for La Vernia, TX

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

Average Sale Time

Apr 2023Apr 2024CHANGE
87 Days98 Days+11.9%

Summary: Homes in La Vernia had an average of 98 days on market in Apr 2024, up by 11.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in La Vernia are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 13 homes were sold in La Vernia; 31% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 46% 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 5 Days Ago

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