Is 78605, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78605 is a seller's market

Buyer's
Market

Difference Since October 2020

At the same time last year, 78605 was a Buyer's Market.

Key Takeaway

78605 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78605, TX cost?

Median Sold Price

$278,990

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$12,091(+4.5%)

Key Takeaway

Homes in 78605 have sold for 4.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 --
N/A
2 $199.5K$240K
+20.3%
3 $247.5K$287.5K
+16.2%
4 $348.7K$270.8K
-22.3%
5+ $650K$492.5K
-24.2%

Median Sold Price Compared To Nearby Zip Codes

78642
+45.6%
78611
+31.0%
78605
+4.5%
76527
0.3%

How many homes are available in 78605, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
2932+10.3%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 64
-33.3%
3 1718
+5.9%
4 47
+75.0%
5+ 23
+50.0%

Number of Homes Sold

Sep 2021Oct 2021%
89+12.5%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78605, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
16 Days5 Days-66.2%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78605 are selling fast, if you're buying plan to act quickly.

About 78605, TX

Number of homes for sale in 78605, TX real estate market have reached 32. In October 2021 in 78605, TX there were 10.3% more homes for sale than in September 2021. The median list price of listings available in October 2021 was $278,990, while the average time on the real estate market was 5 days. Listing prices have changed in this real estate market between September 2021 and October 2021: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 20.3%, the cost of 3 bedrooms properties went up by 16.2%, the cost of 4 bedrooms properties went down by 22.3%, the cost of 5 bedrooms properties went down by 24.2%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went down by 33.3%, volume of 3 bedrooms homes went up by 5.9%, number of 4 bedrooms homes increased by 75%, 5 bedrooms homes inventory increased by 50%. While more than 6 listings in 78605, TX in October 2021 were sold above asking price, there were more than 3 listings sold at asking price, and more than 0 were sold below.