Brokers — List your Company Here
Featured local agent — Lipan, TX
Sarah Mitchell
Compass Real Estate · Lipan, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Lipan, TX Housing Market
The typical home in Lipan, TX is worth $510,854, rose 1.5% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $200,000 (through May 2026). With 6.0 months of supply and homes going under contract in about 172 days, Lipan is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $510,854 home is about $2,727/mo in principal and interest.
Key numbers for Lipan, TX
Typical home value
$510,854
+1.5% in 12 months
Zillow, August 2026
Median sale price
$200,000
Last published period
Redfin, through April 2026
Days on market
172
Slow-moving
Redfin, through April 2026
Active listings
6
6.0 months of supply
Redfin, through April 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$69,063
Home costs 7.4x income
U.S. Census ACS, 2023
Sale-to-list ratio
93.0%
Selling below asking
Redfin, through April 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Lipan a buyer's or seller's market?
Lipan, TX is a buyer's market, based on 6.0 months of supply and homes selling in about 172 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Lipan housing market data show?
Every row below is Redfin's final published month for Lipan, TX. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $200,000 |
| Median list price | $172,450 |
| Median price per sq ft | $165/sq ft |
| Median days on market | 172 days |
| Active inventory | 6 listings |
| Months of supply | 6.0 months |
| Sale-to-list price ratio | 93.0% |
| Homes sold (that month) | 1 |
| New listings (that month) | 2 |
| Listings with a price cut | 33.3% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Lipan is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Lipan is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Lipan home prices moved?
Across the 29 months we hold for Lipan, TX, the median sale price fell 41.8%, from $343,500 in April 2021 to $200,000. The live Zillow value series has rose 1.5% in the last 12 months, which is the more current read now that Redfin's series has stopped. 33.3% of Lipan listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 6.0 months while the sale-to-list ratio slips below its current 93.0%. Watch those two together — they move before the median does.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
Get Lipan market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Lipan?
Priced off the typical home value of $510,854 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $102,171 | $408,683 | $2,727/mo |
| 5% | $25,543 | $485,311 | $3,239/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,727, that implies roughly $116,881 a year before you add taxes and insurance. The median household in Lipan earns $69,063, about $47,818 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 7.4x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Lipan in the next 12 months?
Tell us your timeline. We send the Lipan market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Lipan?
Zillow does not publish a rent index (ZORI) for Lipan, TX, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Lipan?
Active listings in Lipan, TX went from 3 in March 2023 to 6 in April 2026, a +100.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| May 2023 | 4 | 2 |
| June 2023 | 5 | 2 |
| July 2023 | 3 | 1 |
| August 2023 | 2 | not published |
| October 2023 | 1 | not published |
| July 2024 | 1 | not published |
| October 2024 | 2 | 1 |
| February 2025 | 1 | not published |
| August 2025 | 2 | not published |
| November 2025 | 3 | not published |
| December 2025 | 2 | not published |
| April 2026 | 6 | 2 |
Redfin, through April 2026
How does Lipan compare to Texas and the U.S.?
Lipan homes sell for $200,000 — 44% below the Texas median of $356,100. Against the national median of $410,700, Lipan runs 51% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Lipan, TX | $200,000 | not published | 172 days |
| Texas statewide | $356,100 | +2.1% | 56 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Lipan
What buyers should watch
- Months of supply, currently 6.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 33.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $511 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $510,854 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Lipan listing goes under contract in 172 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 93.0% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Lipan added 2 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +1.5% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Lipan varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Lipan
There are currently 6 homes listed for sale in Lipan, Texas. The median listing price is $172K.
Active listings
6
Homes on market
Median list price
$172K
Avg. days on market
172
Days until sale
New this week
2
Newly listed
How much do homes cost in Lipan by property type?
How the Lipan, TX market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $200,000 | $165/sq ft | 1 | 172 days |
Who lives in Lipan?
American Community Survey estimates for Lipan. U.S. Census ACS, 2023
Population
446
Households
139
Median income
$69,063/yr
Median age
35.8 years
Owner-occupied
89.2%
Median home value
$173,100
Median gross rent
$1,175/mo
Mean commute
27.7 min
89.2% of occupied homes in Lipan are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $173,100 against Zillow's $510,854 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Lipan?
2 schools tracked · 447 students
The largest public schools serving Lipan, TX by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
LIPAN H S
Grades 6-12 · 226 students
LIPAN EL
Grades PK-5 · 221 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lipan, TX?
Ordered by distance from Lipan, not by size. Compare Lipan side by side with any of them.
Lipan housing market FAQ
Is Lipan a buyer's or seller's market?
Lipan, TX is currently a buyer's market. That read comes from 6.0 months of supply, homes going under contract in about 172 days, and sellers getting 93.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Lipan?
The typical home in Lipan, TX is worth $510,854 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $200,000, about $165 per square foot.
Is Lipan cheaper than the rest of Texas?
Lipan's median sale price of $200,000 is 44% lower than the Texas statewide median of $356,100, and 51% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Lipan?
Homes in Lipan, TX spent a median of 172 days on market before going under contract, versus 56 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Lipan?
At the current 30-year fixed rate of 7.03%, 20% down on a $510,854 home is about $2,727 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $116,881 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $69,063.
Are home prices rising in Lipan?
The typical home value in Lipan, TX rose 1.5% over the last 12 months, from $503,188 to $510,854 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Lipan?
Lipan ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Lipan?
That depends on your timeline, not on a headline. What the data says today: Lipan, TX is a buyer's market with 6.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Lipan, TX
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Lipan
Nearby markets
Get the Lipan market brief
Get the Lipan, TX market brief
One email: what homes are actually clearing at around $510,854, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.