Is Lufkin, 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, Lufkin has remained a Seller's Market.
Housing Prices in Lufkin, TX
How much do homes in Lufkin, TX cost?
Median Sold Price
$250,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lufkin was $250,000 in March 2024, down 3.8% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $172.5K | $162K | -6.1% |
3 Bedrooms | $239.9K | $213.2K | -11.1% |
4 Bedrooms | $380K | $431K | +13.4% |
5+ Bedrooms | $1.1M | $481.6K | -56.2% |
Summary: Lufkin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes decreased by 56.2%.
Housing Supply in Lufkin, TX
How many homes are available in Lufkin, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
75 | 81 | +8.0% |
Summary: The Lufkin real estate market had 81 homes for sale in March 2024, a 8.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 38 | 45 | +18.4% |
4 Bedrooms | 20 | 22 | +10.0% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Lufkin housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 15 | +150.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Lufkin in March 2024, up by 150.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for Lufkin, TX
How long does it take to sell a home in Lufkin, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 55 Days | -7.3% |
Summary: Homes in Lufkin had an average of 55 days on market in Mar 2024, down by 7.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Lufkin; 47% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.