$5,926 Closing Credit*
$499,000
1,495 SqFt
2 Beds
•2 Full Baths, 1 Partial
Abby Todd, Listing Office: Gann Medford Real Estate
Is Lufkin, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lufkin was a Neutral Market.
Key Takeaway
Lufkin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lufkin, TX
How much do homes in Lufkin, TX cost?
Median Sold Price
$269,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,450(-2.0%)
Key Takeaway
Homes in Lufkin have sold for 2% less than they did a year ago.
Summary: The median home sold price in Lufkin was $269,000 in October 2024, down 2% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $229.5K | $152.2K | -33.7% |
| 3 Bedrooms | $240K | $249.5K | +4.0% |
| 4 Bedrooms | $440K | $343.7K | -21.9% |
| 5+ Bedrooms | $727.5K | $550K | -24.4% |
Summary: Lufkin 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 33.7%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes decreased by 24.4%.
Housing Supply in Lufkin, TX
How many homes are available in Lufkin, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 77 | +6.9% |
Summary: The Lufkin real estate market had 77 homes for sale in October 2024, a 6.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 39 | 42 | +7.7% |
| 4 Bedrooms | 23 | 26 | +13.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Lufkin 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 decreased by 66.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 6 | -60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lufkin, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Lufkin in October 2024, down by 60.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Lufkin, TX
How long does it take to sell a home in Lufkin, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 118 Days | +156.6% |
Summary: Homes in Lufkin had an average of 118 days on market in Oct 2024, up by 156.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lufkin are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 6 homes were sold in Lufkin; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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