$160,000
11.51 Acres
Land
Tim Brookshire, Listing Office: Brookshire 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 November 2023
Since last year, Lufkin has remained a Buyer's 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
$277,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,550(+0.9%)
Key Takeaway
Homes in Lufkin have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Lufkin was $277,000 in November 2024, up 0.9% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $195.7K | $160K | -18.3% |
| 3 Bedrooms | $243.5K | $254.9K | +4.7% |
| 4 Bedrooms | $445K | $350K | -21.3% |
| 5+ Bedrooms | $727.5K | $550K | -24.4% |
Summary: Lufkin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 21.3%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 81 | +11.0% |
Summary: The Lufkin real estate market had 81 homes for sale in November 2024, a 11.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 40 | 49 | +22.5% |
| 4 Bedrooms | 26 | 22 | -15.4% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Lufkin housing inventory by bedroom type for November 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 22.5%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lufkin, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Lufkin in November 2024, down by 44.4% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 94 Days | 50 Days | -46.2% |
Summary: Homes in Lufkin had an average of 50 days on market in Nov 2024, down by 46.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lufkin are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Lufkin; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is 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. This information is deemed reliable, but not guaranteed. Copyright © 2024 Greater Tyler Association of REALTORS® All rights reserved.