Is Lampasas, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lampasas is a buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Lampasas, TX

How much do homes in Lampasas, TX cost?

Median Sold Price

$315,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$35,000(+12.5%)

Key Takeaway

Homes in Lampasas have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in Lampasas was $315,000 in February 2024, up 12.5% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $175.9K$308K
+75.0%
3 $285K$310K
+8.8%
4 $337.5K$400K
+18.5%
5+ $412.5K$715K
+73.3%

Summary: Lampasas housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 73.3%.

Housing Supply in Lampasas, TX

How many homes are available in Lampasas, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3340+21.2%

Summary: The Lampasas real estate market had 40 homes for sale in February 2024, a 21.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 12
+100.0%
2 77
0.0%
3 1622
+37.5%
4 66
0.0%
5+ 33
0.0%

Summary: The Lampasas housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lampasas, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Lampasas in February 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Lampasas, TX

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

Average Sale Time

Feb 2023Feb 2024CHANGE
30 Days6 Days-78.3%

Summary: Homes in Lampasas had an average of 6 days on market in Feb 2024, down by 78.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 2 homes were sold in Lampasas; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

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