Is 78260, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78260 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 78260 has remained a Seller's Market.

Key Takeaway

78260 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78260, TX

How much do homes in 78260, TX cost?

Median Sold Price

$533,633

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$18,633(+3.6%)

Key Takeaway

Homes in 78260 have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in 78260 was $533,633 in March 2024, up 3.6% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$362K
N/A
2 $461.7K$407.7K
-11.7%
3 $400K$428K
+7.0%
4 $566.1K$579K
+2.3%
5+ $646.5K$752.3K
+16.4%

Summary: 78260 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 decreased by 11.7%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 16.4%.

Median Sold Price Compared To Nearby Zip Codes

78257
+6.3%
78260
+3.6%
78258
+0.9%
78261
+0.8%
78163
-15.9%

Housing Supply in 78260, TX

How many homes are available in 78260, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
248291+17.3%

Summary: The 78260 real estate market had 291 homes for sale in March 2024, a 17.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 8396
+15.7%
4 138162
+17.4%
5+ 2431
+29.2%

Summary: The 78260 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 decreased by 33.3%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 29.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3254+68.8%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78260, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.

Summary: A total of 54 homes were sold or pending in 78260 in March 2024, up by 68.8% month-over-month. Of the 54 sold homes, 59% were sold under asking, 28% were sold at asking, and 13% were sold over asking.

Days on Market for 78260, TX

How long does it take to sell a home in 78260, TX?

Average Sale Time

Mar 2023Mar 2024CHANGE
53 Days70 Days+31.4%

Summary: Homes in 78260 had an average of 70 days on market in Mar 2024, up by 31.4% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78260 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 54 homes were sold in 78260; 46% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 37% 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 78260, TX

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