Is Lufkin, 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, Lufkin was a Neutral Market.
Housing Prices in Lufkin, TX
How much do homes in Lufkin, TX cost?
Median Sold Price
$259,900
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lufkin was $259,900 in May 2024, up 0.7% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $172.5K | $158.5K | -8.1% |
3 Bedrooms | $240K | $211.8K | -11.7% |
4 Bedrooms | $397K | $390K | -1.8% |
5+ Bedrooms | $805K | $600K | -25.5% |
Summary: Lufkin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.1%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 25.5%.
Housing Supply in Lufkin, TX
How many homes are available in Lufkin, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
71 | 90 | +26.8% |
Summary: The Lufkin real estate market had 90 homes for sale in May 2024, a 26.8% 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 | 4 | 4 | 0.0% |
3 Bedrooms | 43 | 52 | +20.9% |
4 Bedrooms | 19 | 28 | +47.4% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lufkin 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 20.9%, 4 bedroom homes increased by 47.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Lufkin in May 2024, down by 7.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for Lufkin, TX
How long does it take to sell a home in Lufkin, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
95 Days | 103 Days | +8.5% |
Summary: Homes in Lufkin had an average of 103 days on market in May 2024, up by 8.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Lufkin; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.