Is 76542, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 76542 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 76542 has remained a Seller's Market.

Key Takeaway

76542 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 76542, TX cost?

Median Sold Price

$228,619

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$46,619(+25.6%)

Key Takeaway

Homes in 76542 have sold for 25.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $175K-
N/A
2 -$284.9K
N/A
3 $162K$192.5K
+18.8%
4 $192K$250K
+30.2%
5+ $244.9K$275.5K
+12.5%

Median Sold Price Compared To Nearby Zip Codes

76571
+36.7%
76542
+25.6%
76549
+18.3%
76548
+16.9%

How many homes are available in 76542, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
3635-2.8%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 00
0.0%
3 1513
-13.3%
4 1618
+12.5%
5+ 54
-20.0%

Number of Homes Sold

Oct 2021Nov 2021%
126-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 76542, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Average Sale Time

Nov 2020Nov 2021%
10 Days10 Days+3.2%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 76542 are selling fast, if you're buying plan to act quickly.

About 76542, TX

Number of homes for sale in 76542, TX real estate market have reached 35. The inventory of homes for sale in 76542, TX between October 2021 and November 2021 decreased by 2.8%. Listings spent 10 days on the market in November 2021, and had a median list price of $228,619 during the same period. Between October 2021 and November 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties increased by 0%, the cost of 3 bedrooms properties went up by 18.8%, prices of 4 bedrooms properties increased by 30.2%, prices of 5 bedrooms properties went up by 12.5%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes remained the same, 3 bedrooms homes became 13.3% less available, volume of 4 bedrooms homes went up by 12.5%, number of 5 bedrooms homes decreased by 20%. In November 2021, from all listings sold in 76542, TX there were more than 5 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.