Port Lavaca & Port O'Connor Real Estate & Homes for Sale

In November 2024, the median home price in Port Lavaca dropped significantly by 35.5% compared to the previous year, settling at $165K. This decline could indicate a more affordable market for buyers or shifting trends in demand. Despite the lower prices, homes in Port Lavaca are selling faster, averaging just 46 days on the market compared to 67 days last year. Additionally, the number of homes sold increased slightly, with 6 properties closing in November, up from 4 during the same period last year. These trends suggest a market offering opportunities for buyers seeking value, with properties moving at a quicker pace than before.

The Port Lavaca housing market is relatively calm, with homes typically selling in about 86 days. Multiple offers are uncommon, and most properties sell for approximately 4% below the list price. However, "hot" homes—those that attract significant buyer interest—can sell at or near the list price and go under contract in as little as 13 days. This slower-paced market gives buyers more flexibility while still requiring quick action for highly desirable properties.

In November 2024, Port Lavaca, TX, was considered a buyer's market, meaning there were more homes available than there were buyers actively searching. This surplus of inventory gives buyers an advantage, offering them more options to choose from and greater negotiating power on price and terms. It’s an ideal time for buyers to explore opportunities in the area and secure a home at a favorable price.