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 October 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

$269,845

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$20,373(-7.0%)

Key Takeaway

Homes in La Marque have sold for 7% less than they did a year ago.

Summary: The median home sold price in La Marque was $269,845 in October 2024, down 7% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $85K$125.5K
+47.6%
2 $140K$135K
-3.6%
3 $261.2K$243.5K
-6.8%
4 $315.4K$304.9K
-3.3%
5+ $329.4K$326K
-1.1%

Summary: La Marque housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.6%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 1.1%.

Median Sold Price Compared To Nearby Cities

Texas City
+5.8%
Texas City-League City
+4.4%
La Marque
-7.0%
La Marque-Hitchcock
-11.6%
Hitchcock
-14.3%

Housing Supply in La Marque, TX

How many homes are available in La Marque, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
217238+9.7%

Summary: The La Marque real estate market had 238 homes for sale in October 2024, a 9.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 912
+33.3%
3 96110
+14.6%
4 98102
+4.1%
5+ 1111
0.0%

Summary: The La Marque 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 33.3%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
29290.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

1 Home Was 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. 62.1% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in La Marque in October 2024, the same as the previous month. Of the 29 sold homes, 62% were sold under asking, 34% were sold at asking, and 3% 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

Oct 2023Oct 2024CHANGE
54 Days63 Days+18.1%

Summary: Homes in La Marque had an average of 63 days on market in Oct 2024, up by 18.1% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in La Marque are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 29 homes were sold in La Marque; 45% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 28% 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 16 Days Ago

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