Is 78610, 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, 78610 has remained a Seller's Market.
Housing Prices in 78610, TX
How much do homes in 78610, TX cost?
Median Sold Price
$405,609
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78610 was $405,609 in March 2024, down 11.5% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $391.5K | $575K | +46.9% |
3 Bedrooms | $429.3K | $360K | -16.2% |
4 Bedrooms | $499.9K | $443K | -11.4% |
5+ Bedrooms | $615K | $571K | -7.2% |
Summary: 78610 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 46.9%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 7.2%.
Housing Supply in 78610, TX
How many homes are available in 78610, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
216 | 250 | +15.7% |
Summary: The 78610 real estate market had 250 homes for sale in March 2024, a 15.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 107 | 127 | +18.7% |
4 Bedrooms | 91 | 104 | +14.3% |
5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The 78610 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 decreased by 100%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 49 | +40.0% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in 78610 in March 2024, up by 40.0% month-over-month. Of the 48 sold homes, 65% were sold under asking, 23% were sold at asking, and 13% were sold over asking.
Days on Market for 78610, TX
How long does it take to sell a home in 78610, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
79 Days | 52 Days | -33.4% |
Summary: Homes in 78610 had an average of 52 days on market in Mar 2024, down by 33.4% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 49 homes were sold in 78610; 59% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.