Is 78605, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 78605 has remained a Buyer's Market.
Housing Prices in 78605, TX
How much do homes in 78605, TX cost?
Median Sold Price
$375,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78605 was $375,000 in March 2024, up 4.7% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | - | N/A |
2 Bedrooms | $189.9K | $443.7K | +133.7% |
3 Bedrooms | $370K | $354.3K | -4.2% |
4 Bedrooms | $388.7K | $446.2K | +14.8% |
5+ Bedrooms | - | $521.2K | N/A |
Summary: 78605 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 increased by 133.7%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes did not change.
Housing Supply in 78605, TX
How many homes are available in 78605, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 47 | +56.7% |
Summary: The 78605 real estate market had 47 homes for sale in March 2024, a 56.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 4 | +100.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 18 | 24 | +33.3% |
4 Bedrooms | 9 | 15 | +66.7% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 78605 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 78605 in March 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 78605, TX
How long does it take to sell a home in 78605, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
167 Days | 27 Days | -83.6% |
Summary: Homes in 78605 had an average of 27 days on market in Mar 2024, down by 83.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in 78605; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.