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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Marque-Hitchcock is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in La Marque-Hitchcock, TX

How much do homes in La Marque-Hitchcock, TX cost?

Median Sold Price

$264,998

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$34,916(-11.6%)

Key Takeaway

Homes in La Marque-Hitchcock have sold for 11.6% less than they did a year ago.

Summary: The median home sold price in La Marque-Hitchcock was $264,998 in October 2024, down 11.6% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $85K$195K
+129.4%
2 $279.9K$267.5K
-4.4%
3 $290.7K$251.2K
-13.6%
4 $305K$285K
-6.6%
5+ $329.4K$792.5K
+140.5%

Summary: La Marque-Hitchcock housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 129.4%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 140.5%.

Median Sold Price Compared To Nearby Cities

Tiki Island
+7.6%
La Marque
-7.0%
Bayou Vista
-8.7%
La Marque-Hitchcock
-11.6%
Hitchcock
-14.3%

Housing Supply in La Marque-Hitchcock, TX

How many homes are available in La Marque-Hitchcock, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
257287+11.7%

Summary: The La Marque-Hitchcock real estate market had 287 homes for sale in October 2024, a 11.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 3441
+20.6%
3 123150
+22.0%
4 8482
-2.4%
5+ 1412
-14.3%

Summary: The La Marque-Hitchcock 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 20.6%, 3 bedroom homes increased by 22%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2925-13.8%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

4 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-Hitchcock, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in La Marque-Hitchcock in October 2024, down by 13.8% month-over-month. Of the 25 sold homes, 80% were sold under asking, 16% were sold at asking, and 4% were sold over asking.

Days on Market for La Marque-Hitchcock, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
86 Days58 Days-32.6%

Summary: Homes in La Marque-Hitchcock had an average of 58 days on market in Oct 2024, down by 32.6% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 25 homes were sold in La Marque-Hitchcock; 48% of homes were sold within 30 days, 24% 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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