Is 78606, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 78606 was a Seller's Market.
Housing Prices in 78606, TX
How much do homes in 78606, TX cost?
Median Sold Price
$475,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78606 was $475,000 in March 2024, down 1.5% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $420K | N/A |
2 Bedrooms | $299K | $391.5K | +31.0% |
3 Bedrooms | $470K | $466K | -0.9% |
4 Bedrooms | $525K | $565K | +7.6% |
5+ Bedrooms | $1.4M | $559.9K | -61.4% |
Summary: 78606 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 31%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 61.4%.
Housing Supply in 78606, TX
How many homes are available in 78606, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
94 | 105 | +11.7% |
Summary: The 78606 real estate market had 105 homes for sale in March 2024, a 11.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 65 | 70 | +7.7% |
4 Bedrooms | 18 | 22 | +22.2% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 78606 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 remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 78606 in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for 78606, TX
How long does it take to sell a home in 78606, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 97 Days | +89.9% |
Summary: Homes in 78606 had an average of 97 days on market in Mar 2024, up by 89.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 78606; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.