Is 78620, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 78620 was a Seller's Market.
Housing Prices in 78620, TX
How much do homes in 78620, TX cost?
Median Sold Price
$724,866
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78620 was $724,866 in March 2024, down 13.2% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.0M | $600K | -41.0% |
2 Bedrooms | $470K | $585K | +24.5% |
3 Bedrooms | $646.9K | $559K | -13.6% |
4 Bedrooms | $916.4K | $785K | -14.3% |
5+ Bedrooms | $1.2M | $994.9K | -18.2% |
Summary: 78620 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41%, 2 bedroom homes increased by 24.5%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 18.2%.
Housing Supply in 78620, TX
How many homes are available in 78620, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
243 | 300 | +23.5% |
Summary: The 78620 real estate market had 300 homes for sale in March 2024, a 23.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 71 | 88 | +23.9% |
4 Bedrooms | 106 | 130 | +22.6% |
5+ Bedrooms | 56 | 71 | +26.8% |
Summary: The 78620 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 increased by 16.7%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes increased by 26.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 39 | +21.9% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in 78620 in March 2024, up by 21.9% month-over-month. Of the 39 sold homes, 74% were sold under asking, 15% were sold at asking, and 10% were sold over asking.
Days on Market for 78620, TX
How long does it take to sell a home in 78620, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
74 Days | 75 Days | +1.8% |
Summary: Homes in 78620 had an average of 75 days on market in Mar 2024, up by 1.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 39 homes were sold in 78620; 38% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.