Is Lone Star, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lone Star is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Lone Star was a Seller's Market.

Key Takeaway

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

Housing Prices in Lone Star, TX

How much do homes in Lone Star, TX cost?

Median Sold Price

$319,900

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$49,600(+18.3%)

Key Takeaway

Homes in Lone Star have sold for 18.3% more than they did a year ago.

Summary: The median home sold price in Lone Star was $319,900 in October 2024, up 18.3% from last year, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $265K$259K
-2.3%
2 $222K$252K
+13.5%
3 $395K$393K
-0.5%
4 $342.5K$455.9K
+33.1%
5+ $184.3K-
N/A

Summary: Lone Star housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 13.5%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 33.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Lone Star
+18.3%
Collins Garden
-13.0%

Housing Supply in Lone Star, TX

How many homes are available in Lone Star, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3845+18.4%

Summary: The Lone Star real estate market had 45 homes for sale in October 2024, a 18.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 36
+100.0%
2 98
-11.1%
3 1925
+31.6%
4 76
-14.3%
5+ 00
0.0%

Summary: The Lone Star housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 31.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lone Star, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Lone Star in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Lone Star, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days126 Days+414.3%

Summary: Homes in Lone Star had an average of 126 days on market in Oct 2024, up by 414.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Lone Star are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 4 homes were sold in Lone Star; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% 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 14 Days Ago

Newest Listings in Lone Star, TX

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