Is Lake Jackson, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lake Jackson was a Seller's Market.
Housing Prices in Lake Jackson, TX
How much do homes in Lake Jackson, TX cost?
Median Sold Price
$259,250
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lake Jackson was $259,250 in March 2024, down 5.3% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $91K | -37.2% |
2 Bedrooms | $133.5K | $111.5K | -16.5% |
3 Bedrooms | $237K | $232.2K | -2.0% |
4 Bedrooms | $330K | $372.5K | +12.9% |
5+ Bedrooms | $418.9K | $401K | -4.3% |
Summary: Lake Jackson housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.2%, 2 bedroom homes decreased by 16.5%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
Freeport | $183.3K | $288K | +57.1% |
Clute | $242.5K | $280K | +15.5% |
Lake Jackson | $273.7K | $259.2K | -5.3% |
Brazosport | $274.9K | $259.3K | -5.7% |
Richwood | $269.9K | $247.5K | -8.3% |
Housing Supply in Lake Jackson, TX
How many homes are available in Lake Jackson, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
150 | 161 | +7.3% |
Summary: The Lake Jackson real estate market had 161 homes for sale in March 2024, a 7.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 67 | 73 | +9.0% |
4 Bedrooms | 64 | 69 | +7.8% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Lake Jackson housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 25 | -7.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Lake Jackson in March 2024, down by 7.4% month-over-month. Of the 25 sold homes, 60% were sold under asking, 28% were sold at asking, and 12% were sold over asking.
Days on Market for Lake Jackson, TX
How long does it take to sell a home in Lake Jackson, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 54 Days | +5.5% |
Summary: Homes in Lake Jackson had an average of 54 days on market in Mar 2024, up by 5.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in Lake Jackson; 44% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.