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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Marque is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in La Marque, TX

How much do homes in La Marque, TX cost?

Median Sold Price

$273,280

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$20,375(-6.9%)

Key Takeaway

Homes in La Marque have sold for 6.9% less than they did a year ago.

Summary: The median home sold price in La Marque was $273,280 in November 2024, down 6.9% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $100.2K$123K
+22.7%
2 $140K$135K
-3.6%
3 $260K$244.5K
-6.0%
4 $317.3K$309.4K
-2.5%
5+ $333.7K$326K
-2.3%

Summary: La Marque housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.7%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 2.3%.

Median Sold Price Compared To Nearby Cities

Texas City-League City
+4.1%
Texas City
-0.7%
La Marque-Hitchcock
-5.9%
La Marque
-6.9%
Hitchcock
-13.6%

Housing Supply in La Marque, TX

How many homes are available in La Marque, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
216230+6.5%

Summary: The La Marque real estate market had 230 homes for sale in November 2024, a 6.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 1112
+9.1%
3 96103
+7.3%
4 9599
+4.2%
5+ 1012
+20.0%

Summary: The La Marque 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 increased by 9.1%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3320-39.4%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Marque, you may be able to get a good deal. 55% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in La Marque in November 2024, down by 39.4% month-over-month. Of the 20 sold homes, 55% were sold under asking, 25% were sold at asking, and 20% were sold over asking.

Days on Market for La Marque, TX

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

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days65 Days+80.0%

Summary: Homes in La Marque had an average of 65 days on market in Nov 2024, up by 80% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in La Marque has remained consistent over time.

Summary: During November 2024, 20 homes were sold in La Marque; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% 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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