Is 78612, 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, 78612 has remained a Buyer's Market.
Housing Prices in 78612, TX
How much do homes in 78612, TX cost?
Median Sold Price
$543,750
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78612 was $543,750 in March 2024, up 9.4% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $343.7K | $527.5K | +53.5% |
3 Bedrooms | $400K | $427.5K | +6.9% |
4 Bedrooms | $638.2K | $632K | -1.0% |
5+ Bedrooms | $700K | $875.4K | +25.1% |
Summary: 78612 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 53.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 25.1%.
Housing Supply in 78612, TX
How many homes are available in 78612, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 57 | +26.7% |
Summary: The 78612 real estate market had 57 homes for sale in March 2024, a 26.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 13 | 18 | +38.5% |
4 Bedrooms | 27 | 33 | +22.2% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 78612 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 78612 in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 78612, TX
How long does it take to sell a home in 78612, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
100 Days | 151 Days | +51.0% |
Summary: Homes in 78612 had an average of 151 days on market in Mar 2024, up by 51% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 78612; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.