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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lampasas County is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Lampasas County, TX

How much do homes in Lampasas County, TX cost?

Median Sold Price

$332,000

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$18,000(-5.1%)

Key Takeaway

Homes in Lampasas County have sold for 5.1% less than they did a year ago.

Summary: The median home sold price in Lampasas County was $332,000 in October 2024, down 5.1% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$254.9K
N/A
2 $316.9K$308K
-2.8%
3 $315K$292K
-7.3%
4 $464.9K$395K
-15.0%
5+ $510K$335K
-34.3%

Summary: Lampasas County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 34.3%.

Median Sold Price Compared To Nearby Counties

Burnet County
-1.6%
Coryell County
-3.0%
Lampasas County
-5.1%

Housing Supply in Lampasas County, TX

How many homes are available in Lampasas County, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6773+9.0%

Summary: The Lampasas County real estate market had 73 homes for sale in October 2024, a 9.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1515
0.0%
3 2931
+6.9%
4 1720
+17.6%
5+ 56
+20.0%

Summary: The Lampasas County 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 remained the same, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
610+66.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 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 County, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Lampasas County in October 2024, up by 66.7% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.

Days on Market for Lampasas County, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
121 Days87 Days-27.7%

Summary: Homes in Lampasas County had an average of 87 days on market in Oct 2024, down by 27.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 10 homes were sold in Lampasas County; 30% of homes were sold within 30 days, 10% 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 1 Day Ago

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