$7,124 Closing Credit*
$599,900
1,662 SqFt
2 Beds
•2 Full Baths, 1 Partial
Noel Green, Listing Office: Life Around Austin Realty, LLC
Is South Lamar (SoLa), 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, South Lamar (SoLa) was a Neutral Market.
Key Takeaway
South Lamar (SoLa) is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Lamar (SoLa), TX
How much do homes in South Lamar (SoLa), TX cost?
Median Sold Price
$722,500
$431/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$75,000(+11.6%)
Key Takeaway
Homes in South Lamar (SoLa) have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in South Lamar (SoLa) was $722,500 in October 2024, up 11.6% from last year, and the median price per square foot was $431.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $351.4K | $350K | -0.4% |
| 2 Bedrooms | $454.5K | $382.5K | -15.8% |
| 3 Bedrooms | $887.5K | $750K | -15.5% |
| 4 Bedrooms | $1.6M | $1.0M | -35.5% |
| 5+ Bedrooms | - | $1.9M | N/A |
Summary: South Lamar (SoLa) housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes decreased by 15.5%, 4 bedroom homes decreased by 35.5%, and 5+ bedroom homes did not change.
Housing Supply in South Lamar (SoLa), TX
How many homes are available in South Lamar (SoLa), TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 55 | +12.2% |
Summary: The South Lamar (SoLa) real estate market had 55 homes for sale in October 2024, a 12.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 24 | 30 | +25.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The South Lamar (SoLa) 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 increased by 25%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 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 South Lamar (SoLa), you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in South Lamar (SoLa) in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for South Lamar (SoLa), TX
How long does it take to sell a home in South Lamar (SoLa), TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 90 Days | 106 Days | +17.4% |
Summary: Homes in South Lamar (SoLa) had an average of 106 days on market in Oct 2024, up by 17.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Lamar (SoLa) has remained consistent over time.
Summary: During October 2024, 5 homes were sold in South Lamar (SoLa); 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.