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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 76542 is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 76542 was a Seller's Market.

Key Takeaway

76542 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 76542, TX cost?

Median Sold Price

$265,000

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$36,380(+15.9%)

Key Takeaway

Homes in 76542 have sold for 15.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $284.9K$460K
+61.5%
3 $192.5K$243.5K
+26.5%
4 $251.2K$269.9K
+7.4%
5+ $273.7K$377.2K
+37.8%

Median Sold Price Compared To Nearby Zip Codes

76548
+17.3%
76549
+16.8%
76542
+15.9%
76571
+8.8%

How many homes are available in 76542, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
6362-1.6%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 12
+100.0%
2 11
0.0%
3 1820
+11.1%
4 3733
-10.8%
5+ 66
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
10100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 76542, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
8 Days24 Days+178.1%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 76542, TX

There are 62 homes are for sale in 76542, TX real estate market. The number of homes for sale in 76542, TX decreased by 1.6% between October 2022 and November 2022. The median list price of listings available in November 2022 was $265,000, while the average time on the real estate market was 24 days. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 61.5% more expensive, the cost of 3 bedrooms properties went up by 26.5%, prices of 4 bedrooms properties increased by 7.4%, 5 bedrooms properties became 37.8% more expensive. This housing market inventory have changed: number of 1 bedroom homes increased by 100%, volume of 2 bedrooms homes stayed the same, number of 3 bedrooms homes increased by 11.1%, number of 4 bedrooms homes decreased by 10.8%, 5 bedrooms homes did not move. In November 2022 more than 2 listings in 76542, TX were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 4 were sold below.