Is 78611, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78611 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78611 has remained a Seller's Market.

Key Takeaway

78611 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78611, TX cost?

Median Sold Price

$350,000

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$82,750(+31.0%)

Key Takeaway

Homes in 78611 have sold for 31% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $106K$389.5K
+267.5%
2 $195K$247.5K
+26.9%
3 $238K$331K
+39.1%
4 $352.5K$480K
+36.2%
5+ $1.9M$730K
-61.6%

Median Sold Price Compared To Nearby Zip Codes

78611
+31.0%
78639
+16.5%
78605
+4.5%

How many homes are available in 78611, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
7567-10.7%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 21
-50.0%
2 98
-11.1%
3 3329
-12.1%
4 2321
-8.7%
5+ 88
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
2114-33.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78611, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
95 Days33 Days-64.7%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78611 are selling fast, if you're buying plan to act quickly.

About 78611, TX

Number of homes for sale in 78611, TX real estate market have reached 67. In October 2021 in 78611, TX there were 10.7% less homes for sale than in September 2021. The median list price of listings available in October 2021 was $350,000, while the average time on the real estate market was 33 days. Real estate listing prices changed between September 2021 and October 2021: the cost of 1 bedroom properties went up by 267.5%, 2 bedrooms properties prices increased by 26.9%, 3 bedrooms properties became 39.1% more expensive, prices of 4 bedrooms properties increased by 36.2%, prices of 5 bedrooms properties decreased by 61.6%. This housing market inventory have changed: 1 bedroom homes inventory decreased by 50%, 2 bedrooms homes inventory decreased by 11.1%, 3 bedrooms homes became 12.1% less available, the quantity of 4 bedrooms homes went down by 8.7%, the quantity of 5 bedrooms homes have not changed. In October 2021, from all listings sold in 78611, TX there were more than 5 sold above asking price, over 7 sold below and more than 2 were sold right at the asked price.