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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lorena is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Lorena has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Lorena, TX

How much do homes in Lorena, TX cost?

Median Sold Price

$290,000

$174/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$40,000(+16.0%)

Key Takeaway

Homes in Lorena have sold for 16% more than they did a month ago.

Summary: The median home sold price in Lorena was $290,000 in December 2024, up 16% from last month, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $250K-
N/A
4 -$290K
N/A
5+ --
N/A

Summary: Lorena housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Lorena, TX

How many homes are available in Lorena, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6155-9.8%

Summary: The Lorena real estate market had 55 homes for sale in December 2024, a 9.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1614
-12.5%
4 4035
-12.5%
5+ 56
+20.0%

Summary: The Lorena housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was 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 Lorena, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Lorena in December 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Lorena, TX

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

Average Sale Time

Nov 2024Dec 2024CHANGE
3 Days27 Days+800.0%

Summary: Homes in Lorena had an average of 27 days on market in Dec 2024, up by 800% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 1 homes were sold in Lorena; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 6 Days Ago

Newest Listings in Lorena, TX

Nearby Markets to Lorena, TX