Is Woodlawn Lake, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodlawn Lake is a buyer's market

Buyer's
Market

Difference Since April 2023

Since last year, Woodlawn Lake has remained a Buyer's Market.

Key Takeaway

Woodlawn Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Woodlawn Lake, TX

How much do homes in Woodlawn Lake, TX cost?

Median Sold Price

$206,000

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$51,000(-19.8%)

Key Takeaway

Homes in Woodlawn Lake have sold for 19.8% less than they did a year ago.

Summary: The median home sold price in Woodlawn Lake was $206,000 in April 2024, down 19.8% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$105K
N/A
2 $173.2K$155K
-10.5%
3 $262.5K$188.7K
-28.1%
4 $270K$399.9K
+48.1%
5+ $625K$317.9K
-49.1%

Summary: Woodlawn Lake 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 decreased by 10.5%, 3 bedroom homes decreased by 28.1%, 4 bedroom homes increased by 48.1%, and 5+ bedroom homes decreased by 49.1%.

Median Sold Price Compared To Nearby Neighborhoods

Prospect Hill
+36.5%
Beacon Hill
-4.4%
Jefferson / Woodlawn Lake
-10.7%
Woodlawn Lake
-19.8%

Housing Supply in Woodlawn Lake, TX

How many homes are available in Woodlawn Lake, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3740+8.1%

Summary: The Woodlawn Lake real estate market had 40 homes for sale in April 2024, a 8.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 55
0.0%
3 2326
+13.0%
4 66
0.0%
5+ 33
0.0%

Summary: The Woodlawn Lake 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 remained the same, 3 bedroom homes increased by 13%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodlawn Lake, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Woodlawn Lake in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Woodlawn Lake, TX

How long does it take to sell a home in Woodlawn Lake, TX?

Average Sale Time

Apr 2023Apr 2024CHANGE
173 Days71 Days-58.8%

Summary: Homes in Woodlawn Lake had an average of 71 days on market in Apr 2024, down by 58.8% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Woodlawn Lake are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 5 homes were sold in Woodlawn Lake; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

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