Is Lazybrook / Timbergrove, 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, Lazybrook / Timbergrove was a Seller's Market.
Key Takeaway
Lazybrook / Timbergrove is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lazybrook / Timbergrove, TX
How much do homes in Lazybrook / Timbergrove, TX cost?
Median Sold Price
$519,700
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lazybrook / Timbergrove have sold for 6.6% less than they did a year ago.
Summary: The median home sold price in Lazybrook / Timbergrove was $519,700 in April 2024, down 6.6% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.4K | - | N/A |
| 2 Bedrooms | $300K | $450K | +50.0% |
| 3 Bedrooms | $547.7K | $513.5K | -6.3% |
| 4 Bedrooms | $718K | $720K | 0.3% |
| 5+ Bedrooms | $1.0M | $1.4M | +32.6% |
Summary: Lazybrook / Timbergrove 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 50%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 32.6%.
Median Sold Price Compared To Nearby Neighborhoods
| North Houston | $324.1K | $348.6K | +7.6% |
| Greater Heights / Houston Heights | $610.9K | $650.3K | +6.4% |
| Central Northwest | $480K | $502.8K | +4.8% |
| Central Houston | $525.1K | $550.1K | +4.8% |
| Lazybrook / Timbergrove | $556.3K | $519.7K | -6.6% |
Housing Supply in Lazybrook / Timbergrove, TX
How many homes are available in Lazybrook / Timbergrove, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 60 | 79 | +31.7% |
Summary: The Lazybrook / Timbergrove real estate market had 79 homes for sale in April 2024, a 31.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 44 | 56 | +27.3% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Lazybrook / Timbergrove 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 increased by 50%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lazybrook / Timbergrove, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Lazybrook / Timbergrove in April 2024, down by 20.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for Lazybrook / Timbergrove, TX
How long does it take to sell a home in Lazybrook / Timbergrove, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 24 Days | -5.6% |
Summary: Homes in Lazybrook / Timbergrove had an average of 24 days on market in Apr 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lazybrook / Timbergrove are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Lazybrook / Timbergrove; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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