Is 78620, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78620 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78620 has remained a Seller's Market.

Key Takeaway

78620 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78620, TX cost?

Median Sold Price

$731,000

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$215,210(+41.7%)

Key Takeaway

Homes in 78620 have sold for 41.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $488.4K$641.4K
+31.3%
2 $350.2K$436K
+24.5%
3 $402.1K$540K
+34.3%
4 $558.4K$790.5K
+41.6%
5+ $703.7K$1.0M
+45.3%

Median Sold Price Compared To Nearby Zip Codes

78737
+45.7%
78620
+41.7%
78619
+38.7%
78736
+33.3%
78738
+26.1%

How many homes are available in 78620, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
154129-16.2%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 12
+100.0%
2 77
0.0%
3 5344
-17.0%
4 6755
-17.9%
5+ 2621
-19.2%

Number of Homes Sold

Sep 2021Oct 2021%
5234-34.6%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78620, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
54 Days25 Days-53.6%

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78620 are selling fast, if you're buying plan to act quickly.

About 78620, TX

78620, TX has 129 homes for sale to choose from. The number of listings in 78620, TX decreased by 16.2% between September 2021 and October 2021. Listings spent 25 days on the market in October 2021, and had a median list price of $731,000 during the same period. Between September 2021 and October 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 31.3%, the cost of 2 bedrooms properties went up by 24.5%, 3 bedrooms properties became 34.3% more expensive, prices of 4 bedrooms properties went up by 41.6%, the cost of 5 bedrooms properties went up by 45.3%. This housing market inventory have changed: the quantity of 1 bedroom homes went up by 100%, 2 bedrooms homes inventory did not change, volume of 3 bedrooms homes went down by 17%, volume of 4 bedrooms homes went down by 17.9%, 5 bedrooms homes became 19.2% less available. In October 2021, from all listings sold in 78620, TX there were more than 17 sold above asking price, over 10 sold below and more than 7 were sold right at the asked price.