Is La Grange, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Grange is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, La Grange was a Seller's Market.

Key Takeaway

La Grange is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in La Grange, TX

How much do homes in La Grange, TX cost?

Median Sold Price

$330,000

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$45,000(-12.0%)

Key Takeaway

Homes in La Grange have sold for 12% less than they did a year ago.

Summary: The median home sold price in La Grange was $330,000 in November 2024, down 12% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $325K$575K
+76.9%
2 $280K$279K
-0.4%
3 $380K$337.5K
-11.2%
4 $630K$469.5K
-25.5%
5+ $485K$680K
+40.2%

Summary: La Grange housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.9%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes decreased by 25.5%, and 5+ bedroom homes increased by 40.2%.

Housing Supply in La Grange, TX

How many homes are available in La Grange, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8887-1.1%

Summary: The La Grange real estate market had 87 homes for sale in November 2024, a 1.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2221
-4.5%
3 4038
-5.0%
4 1821
+16.7%
5+ 87
-12.5%

Summary: The La Grange housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Grange, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in La Grange in November 2024, down by 44.4% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for La Grange, TX

How long does it take to sell a home in La Grange, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
74 Days138 Days+86.1%

Summary: Homes in La Grange had an average of 138 days on market in Nov 2024, up by 86.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in La Grange are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 5 homes were sold in La Grange; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% 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 17 Days Ago

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