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 August 2023

At the same time last year, Lampasas was a Seller'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

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$8,000(+2.7%)

Key Takeaway

Homes in Lampasas have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Lampasas was $308,000 in August 2024, up 2.7% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 -$280K
N/A
2 $280K$264K
-5.7%
3 $295K$310K
+5.1%
4 $307K$379K
+23.5%
5+ $715K-
N/A

Summary: Lampasas housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes did not change.

Housing Supply in Lampasas, TX

How many homes are available in Lampasas, TX?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
4237-11.9%

Summary: The Lampasas real estate market had 37 homes for sale in August 2024, a 11.9% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 11
0.0%
2 810
+25.0%
3 2419
-20.8%
4 84
-50.0%
5+ 13
+200.0%

Summary: The Lampasas housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
105-50.0%

Asking Price vs. Sold Price

4 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 5 homes were sold or pending in Lampasas in August 2024, down by 50.0% month-over-month. Of the 4 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

Aug 2023Aug 2024CHANGE
33 Days85 Days+154.5%

Summary: Homes in Lampasas had an average of 85 days on market in Aug 2024, up by 154.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were 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 August 2024, 5 homes were sold in Lampasas; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% 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 15 Days Ago

Newest Listings in Lampasas, TX

Nearby Markets to Lampasas, TX