Is 78611, 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, 78611 was a Seller's Market.
Housing Prices in 78611, TX
How much do homes in 78611, TX cost?
Median Sold Price
$332,500
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78611 was $332,500 in March 2024, down 10.1% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $210K | -8.7% |
2 Bedrooms | $339.5K | $250K | -26.4% |
3 Bedrooms | $352.5K | $324.9K | -7.8% |
4 Bedrooms | $560.3K | $625K | +11.5% |
5+ Bedrooms | $1.2M | $1.3M | +4.0% |
Summary: 78611 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes decreased by 26.4%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 4%.
Housing Supply in 78611, TX
How many homes are available in 78611, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
108 | 138 | +27.8% |
Summary: The 78611 real estate market had 138 homes for sale in March 2024, a 27.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 19 | 24 | +26.3% |
3 Bedrooms | 55 | 71 | +29.1% |
4 Bedrooms | 23 | 28 | +21.7% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The 78611 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 29.1%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 13 | +116.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 78611 in March 2024, up by 116.7% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for 78611, TX
How long does it take to sell a home in 78611, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
68 Days | 77 Days | +12.8% |
Summary: Homes in 78611 had an average of 77 days on market in Mar 2024, up by 12.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 78611; 54% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.