Is Lee County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lee County has remained a Seller's Market.
Housing Prices in Lee County, TX
How much do homes in Lee County, TX cost?
Median Sold Price
$320,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lee County was $320,000 in April 2024, up 20.3% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $193.5K | $139.5K | -27.9% |
2 Bedrooms | $205.5K | $255K | +24.1% |
3 Bedrooms | $282K | $317.5K | +12.6% |
4 Bedrooms | $394.5K | $380K | -3.7% |
5+ Bedrooms | $1.5M | $1.5M | 0.0% |
Summary: Lee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.9%, 2 bedroom homes increased by 24.1%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Lee County | $266K | $320K | +20.3% |
Fayette County | $375K | $387.5K | +3.3% |
Milam County | $222.6K | $228.2K | +2.5% |
Washington County | $318.8K | $324.7K | +1.9% |
Burleson County | $329K | $265K | -19.5% |
Housing Supply in Lee County, TX
How many homes are available in Lee County, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 61 | +24.5% |
Summary: The Lee County real estate market had 61 homes for sale in April 2024, a 24.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 26 | 34 | +30.8% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Lee County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 12 | +100.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Lee County in April 2024, up by 100.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.
Days on Market for Lee County, TX
How long does it take to sell a home in Lee County, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 43 Days | -33.4% |
Summary: Homes in Lee County had an average of 43 days on market in Apr 2024, down by 33.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Lee County; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.