Is Lockhart, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lockhart has remained a Seller's Market.
Housing Prices in Lockhart, TX
How much do homes in Lockhart, TX cost?
Median Sold Price
$305,495
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lockhart was $305,495 in March 2024, down 5.1% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $354.5K | +86.6% |
2 Bedrooms | $253.2K | $302.5K | +19.5% |
3 Bedrooms | $315K | $290K | -7.9% |
4 Bedrooms | $349.3K | $337.6K | -3.3% |
5+ Bedrooms | $599K | $517.5K | -13.6% |
Summary: Lockhart housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 86.6%, 2 bedroom homes increased by 19.5%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 13.6%.
Housing Supply in Lockhart, TX
How many homes are available in Lockhart, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
100 | 93 | -7.0% |
Summary: The Lockhart real estate market had 93 homes for sale in March 2024, a 7.0% decrease 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 | 7 | 6 | -14.3% |
3 Bedrooms | 58 | 53 | -8.6% |
4 Bedrooms | 31 | 29 | -6.5% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lockhart 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 14.3%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 21 | +10.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Lockhart in March 2024, up by 10.5% month-over-month. Of the 21 sold homes, 62% were sold under asking, 24% were sold at asking, and 14% were sold over asking.
Days on Market for Lockhart, TX
How long does it take to sell a home in Lockhart, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 67 Days | +149.9% |
Summary: Homes in Lockhart had an average of 67 days on market in Mar 2024, up by 149.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Lockhart; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.