Is 75860, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 75860 was a Seller's Market.
Key Takeaway
75860 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 75860, TX
How much do homes in 75860, TX cost?
Median Sold Price
$207,500
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 75860 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 75860 was $207,500 in March 2024, up 9.8% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $67.5K | $205.5K | +204.4% |
| 3 Bedrooms | $160K | $199K | +24.4% |
| 4 Bedrooms | $305K | $220K | -27.9% |
| 5+ Bedrooms | $830K | - | N/A |
Summary: 75860 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 204.4%, 3 bedroom homes increased by 24.4%, 4 bedroom homes decreased by 27.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 75831 | $217.5K | $282.5K | +29.9% |
| 75860 | $189K | $207.5K | +9.8% |
Housing Supply in 75860, TX
How many homes are available in 75860, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 35 | +25.0% |
Summary: The 75860 real estate market had 35 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 12 | 20 | +66.7% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 75860 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 75860, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 75860 in March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 75860, TX
How long does it take to sell a home in 75860, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 76 Days | 61 Days | -20.3% |
Summary: Homes in 75860 had an average of 61 days on market in Mar 2024, down by 20.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 75860 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in 75860; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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