Is 78261, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 78261 was a Seller's Market.
Housing Prices in 78261, TX
How much do homes in 78261, TX cost?
Median Sold Price
$499,281
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 78261 was $499,281 in April 2024, up 8.6% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $479K | $420K | -12.3% |
3 Bedrooms | $375K | $425K | +13.3% |
4 Bedrooms | $486.6K | $529K | +8.7% |
5+ Bedrooms | $535K | $585K | +9.3% |
Summary: 78261 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 decreased by 12.3%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 9.3%.
Housing Supply in 78261, TX
How many homes are available in 78261, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
184 | 201 | +9.2% |
Summary: The 78261 real estate market had 201 homes for sale in April 2024, a 9.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 64 | 66 | +3.1% |
4 Bedrooms | 88 | 100 | +13.6% |
5+ Bedrooms | 31 | 34 | +9.7% |
Summary: The 78261 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 remained the same, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 9.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 34 | +13.3% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in 78261 in April 2024, up by 13.3% month-over-month. Of the 34 sold homes, 68% were sold under asking, 24% were sold at asking, and 9% were sold over asking.
Days on Market for 78261, TX
How long does it take to sell a home in 78261, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
74 Days | 71 Days | -3.9% |
Summary: Homes in 78261 had an average of 71 days on market in Apr 2024, down by 3.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in 78261; 44% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.