Is 78617, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, 78617 has remained a Seller's Market.
Housing Prices in 78617, TX
How much do homes in 78617, TX cost?
Median Sold Price
$310,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in 78617 was $310,000 in June 2024, down 8.8% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $155K | N/A |
2 Bedrooms | $350K | $279K | -20.3% |
3 Bedrooms | $321.4K | $300K | -6.7% |
4 Bedrooms | $354.9K | $347.5K | -2.1% |
5+ Bedrooms | $382.7K | $380K | -0.7% |
Summary: 78617 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 0.7%.
Housing Supply in 78617, TX
How many homes are available in 78617, TX?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
77 | 82 | +6.5% |
Summary: The 78617 real estate market had 82 homes for sale in June 2024, a 6.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 44 | 52 | +18.2% |
4 Bedrooms | 28 | 26 | -7.1% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 78617 housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 78617 in June 2024, up by 7.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% were sold over asking.
Days on Market for 78617, TX
How long does it take to sell a home in 78617, TX?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
52 Days | 69 Days | +31.3% |
Summary: Homes in 78617 had an average of 69 days on market in Jun 2024, up by 31.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 14 homes were sold in 78617; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.