Is 78606, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78606 is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, 78606 was a Seller's Market.

Key Takeaway

78606 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78606, TX cost?

Median Sold Price

$495,000

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$85,000(+20.7%)

Key Takeaway

Homes in 78606 have sold for 20.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $347.8K$750K
+115.6%
2 $360K$520K
+44.4%
3 $395K$476K
+20.5%
4 $550K$536.5K
-2.5%
5+ $872.5K$1.4M
+66.2%

Median Sold Price Compared To Nearby Zip Codes

78070
+26.4%
78606
+20.7%

How many homes are available in 78606, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
7075+7.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 99
0.0%
3 4949
0.0%
4 813
+62.5%
5+ 44
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
117-36.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78606, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
32 Days37 Days+14.7%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78606 has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 78606, TX

There are 75 homes are for sale in 78606, TX real estate market. The number of listings in 78606, TX increased by 7.1% between September 2022 and October 2022. While the average time on the market in October 2022 was 37 days, the median list price was $495,000. Real estate listing prices changed between September 2022 and October 2022: 1 bedroom properties prices increased by 115.6%, the cost of 2 bedrooms properties went up by 44.4%, the cost of 3 bedrooms properties went up by 20.5%, 4 bedrooms properties became 2.5% more cheaper, the cost of 5 bedrooms properties went up by 66.2%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes have not changed, the quantity of 3 bedrooms homes have not changed, volume of 4 bedrooms homes went up by 62.5%, the quantity of 5 bedrooms homes have not changed. In October 2022 more than 1 listings in 78606, TX were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 4 were sold below.