Is La Ward-Lolita, 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, La Ward-Lolita was a Buyer's Market.
Key Takeaway
La Ward-Lolita is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in La Ward-Lolita, TX
How much do homes in La Ward-Lolita, TX cost?
Median Sold Price
$250,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in La Ward-Lolita have sold for 9.1% less than they did a year ago.
Summary: The median home sold price in La Ward-Lolita was $250,000 in April 2024, down 9.1% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | - | N/A |
| 2 Bedrooms | $259K | $225K | -13.1% |
| 3 Bedrooms | $304.9K | $210K | -31.1% |
| 4 Bedrooms | $275K | $303K | +10.2% |
| 5+ Bedrooms | - | $569K | N/A |
Summary: La Ward-Lolita 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 decreased by 13.1%, 3 bedroom homes decreased by 31.1%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes did not change.
Housing Supply in La Ward-Lolita, TX
How many homes are available in La Ward-Lolita, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 29 | +20.8% |
Summary: The La Ward-Lolita real estate market had 29 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 | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The La Ward-Lolita housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Ward-Lolita, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in La Ward-Lolita in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for La Ward-Lolita, TX
How long does it take to sell a home in La Ward-Lolita, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 141 Days | +645.3% |
Summary: Homes in La Ward-Lolita had an average of 141 days on market in Apr 2024, up by 645.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in La Ward-Lolita are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 5 homes were sold in La Ward-Lolita; 20% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 80% of homes were sold over 90 days.
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