Is 76571, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 76571 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 76571 was a Seller's Market.

Key Takeaway

76571 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 76571, TX

How much do homes in 76571, TX cost?

Median Sold Price

$540,000

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$24,750(-4.4%)

Key Takeaway

Homes in 76571 have sold for 4.4% less than they did a year ago.

Summary: The median home sold price in 76571 was $540,000 in March 2024, down 4.4% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $389K-
N/A
3 $500K$463.5K
-7.3%
4 $650K$577.5K
-11.2%
5+ $546.3K$875K
+60.2%

Summary: 76571 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 did not change, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes increased by 60.2%.

Median Sold Price Compared To Nearby Zip Codes

76513
+4.4%
76548
0.2%
76571
-4.4%
76542
-5.8%
76537
-6.1%

Housing Supply in 76571, TX

How many homes are available in 76571, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6169+13.1%

Summary: The 76571 real estate market had 69 homes for sale in March 2024, a 13.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1721
+23.5%
4 3537
+5.7%
5+ 79
+28.6%

Summary: The 76571 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 23.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
59+80.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 76571, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 76571 in March 2024, up by 80.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.

Days on Market for 76571, TX

How long does it take to sell a home in 76571, TX?

Average Sale Time

Mar 2023Mar 2024CHANGE
64 Days56 Days-12.1%

Summary: Homes in 76571 had an average of 56 days on market in Mar 2024, down by 12.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 76571 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 9 homes were sold in 76571; 56% of homes were sold within 30 days, 11% 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 76571, TX

Nearby Markets to 76571, TX