Is Lockhart, 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, Lockhart was a Seller's Market.
Housing Prices in Lockhart, TX
How much do homes in Lockhart, TX cost?
Median Sold Price
$305,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lockhart was $305,000 in May 2024, down 5.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $217.1K | +8.6% |
2 Bedrooms | $275K | $278K | +1.1% |
3 Bedrooms | $300K | $286.5K | -4.5% |
4 Bedrooms | $340K | $329.3K | -3.1% |
5+ Bedrooms | $427.5K | $690K | +61.4% |
Summary: Lockhart housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 61.4%.
Housing Supply in Lockhart, TX
How many homes are available in Lockhart, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
91 | 104 | +14.3% |
Summary: The Lockhart real estate market had 104 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 43 | 53 | +23.3% |
4 Bedrooms | 36 | 35 | -2.8% |
5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The Lockhart 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 remained the same, 3 bedroom homes increased by 23.3%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 17 | +6.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Lockhart in May 2024, up by 6.3% month-over-month. Of the 17 sold homes, 76% were sold under asking, 12% were sold at asking, and 12% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 89 Days | +176.5% |
Summary: Homes in Lockhart had an average of 89 days on market in May 2024, up by 176.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Lockhart; 29% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.