Is Woodlawn Lake, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodlawn Lake is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Woodlawn Lake was a Seller's Market.

Key Takeaway

Woodlawn Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Woodlawn Lake, TX

How much do homes in Woodlawn Lake, TX cost?

Median Sold Price

$232,000

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$43,250(+22.9%)

Key Takeaway

Homes in Woodlawn Lake have sold for 22.9% more than they did a year ago.

Summary: The median home sold price in Woodlawn Lake was $232,000 in October 2024, up 22.9% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $105K-
N/A
2 $173.2K$135K
-22.1%
3 $185K$222.4K
+20.3%
4 $295K$275.9K
-6.5%
5+ $434K$307.9K
-29.0%

Summary: Woodlawn Lake 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 22.1%, 3 bedroom homes increased by 20.3%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 29%.

Median Sold Price Compared To Nearby Neighborhoods

Woodlawn Lake
+22.9%
Jefferson
+8.5%
Beacon Hill
-1.6%
Jefferson / Woodlawn Lake
-6.6%

Housing Supply in Woodlawn Lake, TX

How many homes are available in Woodlawn Lake, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4541-8.9%

Summary: The Woodlawn Lake real estate market had 41 homes for sale in October 2024, a 8.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 55
0.0%
3 2322
-4.3%
4 119
-18.2%
5+ 54
-20.0%

Summary: The Woodlawn Lake 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 remained the same, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
126-50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodlawn Lake, 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 Woodlawn Lake in October 2024, down by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Woodlawn Lake, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
95 Days72 Days-24.4%

Summary: Homes in Woodlawn Lake had an average of 72 days on market in Oct 2024, down by 24.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Woodlawn Lake has remained consistent over time.

Summary: During October 2024, 6 homes were sold in Woodlawn Lake; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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 23 Days Ago

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