Is Lone Star, 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, Lone Star was a Seller's Market.
Key Takeaway
Lone Star is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lone Star, TX
How much do homes in Lone Star, TX cost?
Median Sold Price
$318,995
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lone Star have sold for 10% more than they did a year ago.
Summary: The median home sold price in Lone Star was $318,995 in May 2024, up 10% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $274.6K | +7.7% |
| 2 Bedrooms | $250.7K | $252K | 0.5% |
| 3 Bedrooms | $397K | $395K | -0.5% |
| 4 Bedrooms | $410.5K | $399K | -2.8% |
| 5+ Bedrooms | - | $184.3K | N/A |
Summary: Lone Star housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Collins Garden | $162K | $189.5K | +17.0% |
| King William | $425K | $477K | +12.2% |
| Lone Star | $290K | $318.9K | +10.0% |
| Roosevelt Park | $250K | $195K | -22.0% |
Housing Supply in Lone Star, TX
How many homes are available in Lone Star, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 39 | +25.8% |
Summary: The Lone Star real estate market had 39 homes for sale in May 2024, a 25.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 18 | 24 | +33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lone Star 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 increased by 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lone Star, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lone Star in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lone Star, TX
How long does it take to sell a home in Lone Star, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 102 Days | +289.5% |
Summary: Homes in Lone Star had an average of 102 days on market in May 2024, up by 289.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lone Star has remained consistent over time.
Summary: During May 2024, 4 homes were sold in Lone Star; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2024 San Antonio Board of Realtors®. All Rights Reserved.