Is 76548, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 76548 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 76548 has remained a Seller's Market.

Key Takeaway

76548 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 76548, TX

How much do homes in 76548, TX cost?

Median Sold Price

$320,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$1,000(-0.3%)

Key Takeaway

The sold price of homes in 76548 has remained the same since last year.

Summary: The median home sold price in 76548 was $320,000 in February 2024, down 0.3% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $280K$282.2K
+0.8%
4 $348.5K$338.2K
-3.0%
5+ $357K$347.3K
-2.7%

Summary: 76548 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 2.7%.

Median Sold Price Compared To Nearby Zip Codes

76571
+3.4%
76548
-0.3%
76542
-2.9%

Housing Supply in 76548, TX

How many homes are available in 76548, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3430-11.8%

Summary: The 76548 real estate market had 30 homes for sale in February 2024, a 11.8% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1313
0.0%
4 1814
-22.2%
5+ 33
0.0%

Summary: The 76548 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 76548, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 76548 in February 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for 76548, TX

How long does it take to sell a home in 76548, TX?

Average Sale Time

Feb 2023Feb 2024CHANGE
62 Days57 Days-8.2%

Summary: Homes in 76548 had an average of 57 days on market in Feb 2024, down by 8.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 76548 has remained consistent over time.

Summary: During February 2024, 6 homes were sold in 76548; 17% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

Newest Listings in 76548, TX

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