Is Lawndale / Wayside, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lawndale / Wayside was a Seller's Market.
Key Takeaway
Lawndale / Wayside is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lawndale / Wayside, TX
How much do homes in Lawndale / Wayside, TX cost?
Median Sold Price
$300,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lawndale / Wayside have sold for 7.7% less than they did a year ago.
Summary: The median home sold price in Lawndale / Wayside was $300,000 in May 2024, down 7.7% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | - | N/A |
| 2 Bedrooms | $292.5K | $272.5K | -6.8% |
| 3 Bedrooms | $317.5K | $328K | +3.3% |
| 4 Bedrooms | $530K | $376.4K | -29.0% |
| 5+ Bedrooms | $440K | $345K | -21.6% |
Summary: Lawndale / Wayside housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 29%, and 5+ bedroom homes decreased by 21.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Greater Eastwood | $390K | $370K | -5.1% |
| Lawndale / Wayside | $325K | $300K | -7.7% |
Housing Supply in Lawndale / Wayside, TX
How many homes are available in Lawndale / Wayside, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 36 | +24.1% |
Summary: The Lawndale / Wayside real estate market had 36 homes for sale in May 2024, a 24.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 14 | 22 | +57.1% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lawndale / Wayside housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 57.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 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 Lawndale / Wayside, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lawndale / Wayside in May 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Lawndale / Wayside, TX
How long does it take to sell a home in Lawndale / Wayside, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 74 Days | +125.0% |
Summary: Homes in Lawndale / Wayside had an average of 74 days on market in May 2024, up by 125% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lawndale / Wayside has remained consistent over time.
Summary: During May 2024, 4 homes were sold in Lawndale / Wayside; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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