Is 76537, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 76537 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 76537 was a Seller's Market.

Key Takeaway

76537 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 76537, TX

How much do homes in 76537, TX cost?

Median Sold Price

$299,475

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$19,320(-6.1%)

Key Takeaway

Homes in 76537 have sold for 6.1% less than they did a year ago.

Summary: The median home sold price in 76537 was $299,475 in March 2024, down 6.1% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$259.9K
N/A
2 $285K$274.5K
-3.7%
3 $300K$279K
-7.0%
4 $351.4K$321.4K
-8.5%
5+ $372K$348.9K
-6.2%

Summary: 76537 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 decreased by 3.7%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 6.2%.

Median Sold Price Compared To Nearby Zip Codes

76571
-4.4%
76537
-6.1%
78626
-8.3%
78633
-10.4%

Housing Supply in 76537, TX

How many homes are available in 76537, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
138168+21.7%

Summary: The 76537 real estate market had 168 homes for sale in March 2024, a 21.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 11
0.0%
3 73103
+41.1%
4 4949
0.0%
5+ 1515
0.0%

Summary: The 76537 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 remained the same, 3 bedroom homes increased by 41.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1921+10.5%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 76537, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 76537 in March 2024, up by 10.5% month-over-month. Of the 21 sold homes, 62% were sold under asking, 14% were sold at asking, and 24% were sold over asking.

Days on Market for 76537, TX

How long does it take to sell a home in 76537, TX?

Average Sale Time

Mar 2023Mar 2024CHANGE
60 Days75 Days+24.0%

Summary: Homes in 76537 had an average of 75 days on market in Mar 2024, up by 24% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 76537 has remained consistent over time.

Summary: During March 2024, 21 homes were sold in 76537; 29% of homes were sold within 30 days, 38% 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 26 Days Ago

Newest Listings in 76537, TX

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