Is 78621, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78621 is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, 78621 was a Seller's Market.

Key Takeaway

78621 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78621, TX cost?

Median Sold Price

$350,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$67,250(+23.8%)

Key Takeaway

Homes in 78621 have sold for 23.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $250K$463K
+85.2%
2 $231.2K$287.3K
+24.2%
3 $280K$350K
+25.0%
4 $300K$355.1K
+18.4%
5+ $303.9K$459K
+51.0%

Median Sold Price Compared To Nearby Zip Codes

78602
+24.5%
78621
+23.8%
78653
+20.2%

How many homes are available in 78621, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
114118+3.5%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 1011
+10.0%
3 6564
-1.5%
4 3234
+6.3%
5+ 79
+28.6%

Number of Homes Sold

Sep 2022Oct 2022%
2115-28.6%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78621, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
20 Days29 Days+46.4%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78621 are selling fast, if you're buying plan to act quickly.

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

About 78621, TX

Number of homes for sale in 78621, TX real estate market have reached 118. The inventory of homes for sale in 78621, TX between September 2022 and October 2022 increased by 3.5%. In October 2022 median list price was $350,000 and the average listing age was 29 days. Real estate listing prices changed between September 2022 and October 2022: prices of 1 bedroom properties increased by 85.2%, prices of 2 bedrooms properties increased by 24.2%, prices of 3 bedrooms properties went up by 25%, the cost of 4 bedrooms properties went up by 18.4%, 5 bedrooms properties became 51% more expensive. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory increased by 10%, the quantity of 3 bedrooms homes went down by 1.5%, volume of 4 bedrooms homes went up by 6.3%, 5 bedrooms homes became 28.6% more available. In October 2022 more than 4 listings in 78621, TX were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 9 were sold below.