Is Port Lavaca, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Lavaca is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Port Lavaca has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Port Lavaca, TX

How much do homes in Port Lavaca, TX cost?

Median Sold Price

$325,000

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$110,000(+51.2%)

Key Takeaway

Homes in Port Lavaca have sold for 51.2% more than they did a year ago.

Summary: The median home sold price in Port Lavaca was $325,000 in November 2024, up 51.2% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $115K-
N/A
2 $150K$277.5K
+85.0%
3 $215K$336.4K
+56.5%
4 $402K$60K
-85.1%
5+ $368K-
N/A

Summary: Port Lavaca 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 increased by 85%, 3 bedroom homes increased by 56.5%, 4 bedroom homes decreased by 85.1%, and 5+ bedroom homes did not change.

Housing Supply in Port Lavaca, TX

How many homes are available in Port Lavaca, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6185+39.3%

Summary: The Port Lavaca real estate market had 85 homes for sale in November 2024, a 39.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 1316
+23.1%
3 3349
+48.5%
4 1115
+36.4%
5+ 23
+50.0%

Summary: The Port Lavaca 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 increased by 23.1%, 3 bedroom homes increased by 48.5%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

2 Homes Were 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 Port Lavaca, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Port Lavaca in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Port Lavaca, TX

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

Average Sale Time

Nov 2023Nov 2024CHANGE
61 Days45 Days-25.4%

Summary: Homes in Port Lavaca had an average of 45 days on market in Nov 2024, down by 25.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Port Lavaca has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Port Lavaca; 0% of homes were sold within 30 days, 100% 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 2 Days Ago

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