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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78620 is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 78620 was a Seller's Market.

Key Takeaway

78620 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78620, TX cost?

Median Sold Price

$875,784

$323/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$145,201(+19.9%)

Key Takeaway

Homes in 78620 have sold for 19.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $500K$520K
+4.0%
2 $442K$577.5K
+30.7%
3 $550K$650K
+18.2%
4 $798.5K$947.5K
+18.7%
5+ $1.0M$1.2M
+19.6%

Median Sold Price Compared To Nearby Zip Codes

78620
+19.9%
78738
+15.5%
78619
+13.7%
78737
+13.1%
78736
+5.9%

How many homes are available in 78620, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
154162+5.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 77
0.0%
3 4755
+17.0%
4 7676
0.0%
5+ 2323
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
2110-52.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78620, you may be able to get a good deal. 90% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
23 Days50 Days+115.5%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78620 has remained consistent over time.

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

About 78620, TX

Homes for sale in 78620, TX have reached 162. Between October 2022 and November 2022, 78620, TX real estate market has seen increase in the number of listings by 5.2%. In November 2022, listings were on the market for 50 days. During the same period, the median list price in this real estate market was $875,784. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 4%, prices of 2 bedrooms properties went up by 30.7%, 3 bedrooms properties prices increased by 18.2%, prices of 4 bedrooms properties went up by 18.7%, the cost of 5 bedrooms properties went up by 19.6%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes did not move, the quantity of 3 bedrooms homes went up by 17%, number of 4 bedrooms homes remained the same, volume of 5 bedrooms homes stayed the same. In November 2022 more than 1 listings in 78620, TX were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 9 were sold below.