Is Lake Jackson, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lake Jackson was a Seller's Market.
Housing Prices in Lake Jackson, TX
How much do homes in Lake Jackson, TX cost?
Median Sold Price
$256,333
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lake Jackson was $256,333 in May 2024, down 6.8% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120.5K | $85.5K | -29.0% |
2 Bedrooms | $148.5K | $110.7K | -25.4% |
3 Bedrooms | $232.5K | $230K | -1.1% |
4 Bedrooms | $349.9K | $370K | +5.7% |
5+ Bedrooms | $398K | $417K | +4.8% |
Summary: Lake Jackson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29%, 2 bedroom homes decreased by 25.4%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
Freeport | $235K | $295K | +25.5% |
Clute | $240K | $281K | +17.1% |
Richwood | $275K | $275K | 0.0% |
Brazosport | $275K | $258.2K | -6.1% |
Lake Jackson | $275K | $256.3K | -6.8% |
Housing Supply in Lake Jackson, TX
How many homes are available in Lake Jackson, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
151 | 164 | +8.6% |
Summary: The Lake Jackson real estate market had 164 homes for sale in May 2024, a 8.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 78 | 90 | +15.4% |
4 Bedrooms | 59 | 59 | 0.0% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Lake Jackson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 26 | -40.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Lake Jackson in May 2024, down by 40.9% month-over-month. Of the 26 sold homes, 58% were sold under asking, 23% were sold at asking, and 19% were sold over asking.
Days on Market for Lake Jackson, TX
How long does it take to sell a home in Lake Jackson, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 56 Days | +29.4% |
Summary: Homes in Lake Jackson had an average of 56 days on market in May 2024, up by 29.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 26 homes were sold in Lake Jackson; 50% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.