Is 78064, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78064 is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 78064 was a Seller's Market.

Key Takeaway

78064 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78064, TX

How much do homes in 78064, TX cost?

Median Sold Price

$295,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$10,000(+3.5%)

Key Takeaway

Homes in 78064 have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in 78064 was $295,000 in April 2024, up 3.5% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $34K-
N/A
2 $148K$175K
+18.2%
3 $275K$265K
-3.6%
4 $360K$385K
+6.9%
5+ $342.4K$375K
+9.5%

Summary: 78064 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 9.5%.

Median Sold Price Compared To Nearby Zip Codes

78065
+10.5%
78064
+3.5%

Housing Supply in 78064, TX

How many homes are available in 78064, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4347+9.3%

Summary: The 78064 real estate market had 47 homes for sale in April 2024, a 9.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 2524
-4.0%
4 1318
+38.5%
5+ 24
+100.0%

Summary: The 78064 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
116-45.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78064, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in 78064 in April 2024, down by 45.5% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.

Days on Market for 78064, TX

How long does it take to sell a home in 78064, TX?

Average Sale Time

Apr 2023Apr 2024CHANGE
54 Days60 Days+10.8%

Summary: Homes in 78064 had an average of 60 days on market in Apr 2024, up by 10.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78064 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 6 homes were sold in 78064; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 1 Day Ago

Newest Listings in 78064, TX

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