Is South Lamar (SoLa), 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, South Lamar (SoLa) was a Seller's Market.
Housing Prices in South Lamar (SoLa), TX
How much do homes in South Lamar (SoLa), TX cost?
Median Sold Price
$699,500
$449/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Lamar (SoLa) was $699,500 in April 2024, down 2.2% from last year, and the median price per square foot was $449.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $367.5K | $299K | -18.6% |
2 Bedrooms | $554K | $400K | -27.8% |
3 Bedrooms | $900K | $850K | -5.6% |
4 Bedrooms | $1.0M | $1.0M | +8.4% |
5+ Bedrooms | - | $1.8M | N/A |
Summary: South Lamar (SoLa) housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.6%, 2 bedroom homes decreased by 27.8%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes did not change.
Housing Supply in South Lamar (SoLa), TX
How many homes are available in South Lamar (SoLa), TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 73 | +37.7% |
Summary: The South Lamar (SoLa) real estate market had 73 homes for sale in April 2024, a 37.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 18 | 22 | +22.2% |
3 Bedrooms | 22 | 31 | +40.9% |
4 Bedrooms | 7 | 13 | +85.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The South Lamar (SoLa) housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 40.9%, 4 bedroom homes increased by 85.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in South Lamar (SoLa) in April 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for South Lamar (SoLa), TX
How long does it take to sell a home in South Lamar (SoLa), TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 75 Days | +53.8% |
Summary: Homes in South Lamar (SoLa) had an average of 75 days on market in Apr 2024, up by 53.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in South Lamar (SoLa); 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.