Is 75979, 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, 75979 was a Seller's Market.
Key Takeaway
75979 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 75979, TX
How much do homes in 75979, TX cost?
Median Sold Price
$183,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 75979 have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in 75979 was $183,000 in March 2024, up 8.9% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202.5K | $108K | -46.7% |
| 2 Bedrooms | $117K | $180.5K | +54.3% |
| 3 Bedrooms | $158.5K | $162.5K | +2.5% |
| 4 Bedrooms | $345K | $235K | -31.9% |
| 5+ Bedrooms | $106K | $345K | +225.5% |
Summary: 75979 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.7%, 2 bedroom homes increased by 54.3%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 31.9%, and 5+ bedroom homes increased by 225.5%.
Housing Supply in 75979, TX
How many homes are available in 75979, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 55 | 59 | +7.3% |
Summary: The 75979 real estate market had 59 homes for sale in March 2024, a 7.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 29 | 29 | 0.0% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 75979 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 15.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 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 75979, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 75979 in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for 75979, TX
How long does it take to sell a home in 75979, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 165 Days | 111 Days | -32.7% |
Summary: Homes in 75979 had an average of 111 days on market in Mar 2024, down by 32.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 75979 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 7 homes were sold in 75979; 14% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
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