Is Lampasas, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lampasas is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Lampasas has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Lampasas, TX

How much do homes in Lampasas, TX cost?

Median Sold Price

$308,000

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,500(+1.8%)

Key Takeaway

Homes in Lampasas have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Lampasas was $308,000 in November 2024, up 1.8% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$280K
N/A
2 $318.8K$308K
-3.4%
3 $295K$289K
-2.0%
4 $314K$374.5K
+19.3%
5+ $715K$335K
-53.1%

Summary: Lampasas housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes decreased by 53.1%.

Housing Supply in Lampasas, TX

How many homes are available in Lampasas, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7689+17.1%

Summary: The Lampasas real estate market had 89 homes for sale in November 2024, a 17.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 1920
+5.3%
3 3341
+24.2%
4 1520
+33.3%
5+ 65
-16.7%

Summary: The Lampasas 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 5.3%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lampasas, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Lampasas in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Lampasas, TX

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

Average Sale Time

Nov 2023Nov 2024CHANGE
151 Days115 Days-23.8%

Summary: Homes in Lampasas had an average of 115 days on market in Nov 2024, down by 23.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lampasas has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Lampasas; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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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