Is 78619, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78619 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 78619 was a Seller's Market.

Key Takeaway

78619 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 78619, TX

How much do homes in 78619, TX cost?

Median Sold Price

$950,000

$322/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$125,000(-11.6%)

Key Takeaway

Homes in 78619 have sold for 11.6% less than they did a year ago.

Summary: The median home sold price in 78619 was $950,000 in March 2024, down 11.6% from last year, and the median price per square foot was $322.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$295K
N/A
2 $975K$971.6K
-0.3%
3 $817K$760K
-7.0%
4 $1.1M$1.0M
-13.0%
5+ $1.8M$1.1M
-39.3%

Summary: 78619 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 decreased by 0.3%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 39.3%.

Median Sold Price Compared To Nearby Zip Codes

78737
-6.2%
78676
-6.8%
78610
-11.5%
78619
-11.6%
78620
-13.2%

Housing Supply in 78619, TX

How many homes are available in 78619, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4140-2.4%

Summary: The 78619 real estate market had 40 homes for sale in March 2024, a 2.4% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1311
-15.4%
4 2222
0.0%
5+ 34
+33.3%

Summary: The 78619 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 remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
660.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78619, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 78619 in March 2024, the same as the previous month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78619, TX

How long does it take to sell a home in 78619, TX?

Average Sale Time

Mar 2023Mar 2024CHANGE
86 Days25 Days-70.5%

Summary: Homes in 78619 had an average of 25 days on market in Mar 2024, down by 70.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78619 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 6 homes were sold in 78619; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in 78619, TX

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