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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jefferson / Woodlawn Lake is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Jefferson / Woodlawn Lake was a Seller's Market.

Key Takeaway

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

Housing Prices in Jefferson / Woodlawn Lake, TX

How much do homes in Jefferson / Woodlawn Lake, TX cost?

Median Sold Price

$255,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$18,000(-6.6%)

Key Takeaway

Homes in Jefferson / Woodlawn Lake have sold for 6.6% less than they did a year ago.

Summary: The median home sold price in Jefferson / Woodlawn Lake was $255,000 in October 2024, down 6.6% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $263.5K$200K
-24.1%
3 $285K$257.5K
-9.6%
4 $270.7K$300K
+10.8%
5+ $263.8K-
N/A

Summary: Jefferson / Woodlawn Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.1%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Jefferson
+8.5%
Los Angeles Heights - Keystone
+2.8%
Jefferson / Woodlawn Lake
-6.6%

Housing Supply in Jefferson / Woodlawn Lake, TX

How many homes are available in Jefferson / Woodlawn Lake, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2934+17.2%

Summary: The Jefferson / Woodlawn Lake real estate market had 34 homes for sale in October 2024, a 17.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 56
+20.0%
3 1418
+28.6%
4 66
0.0%
5+ 33
0.0%

Summary: The Jefferson / Woodlawn Lake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jefferson / Woodlawn Lake, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Jefferson / Woodlawn Lake in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Jefferson / Woodlawn Lake, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days61 Days+41.8%

Summary: Homes in Jefferson / Woodlawn Lake had an average of 61 days on market in Oct 2024, up by 41.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Jefferson / Woodlawn Lake; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 23 Days Ago

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