Is 78626, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 78626 has remained a Seller's Market.
Housing Prices in 78626, TX
How much do homes in 78626, TX cost?
Median Sold Price
$408,690
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78626 was $408,690 in March 2024, down 8.3% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $422.5K | $407.5K | -3.6% |
2 Bedrooms | $441K | $427K | -3.2% |
3 Bedrooms | $415.6K | $357K | -14.1% |
4 Bedrooms | $475.7K | $420K | -11.7% |
5+ Bedrooms | $595K | $520K | -12.6% |
Summary: 78626 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes decreased by 12.6%.
Housing Supply in 78626, TX
How many homes are available in 78626, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
200 | 228 | +14.0% |
Summary: The 78626 real estate market had 228 homes for sale in March 2024, a 14.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 31 | 34 | +9.7% |
3 Bedrooms | 78 | 94 | +20.5% |
4 Bedrooms | 74 | 84 | +13.5% |
5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The 78626 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 9.7%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 43 | -10.4% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in 78626 in March 2024, down by 10.4% month-over-month. Of the 43 sold homes, 60% were sold under asking, 35% were sold at asking, and 5% were sold over asking.
Days on Market for 78626, TX
How long does it take to sell a home in 78626, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
79 Days | 75 Days | -5.0% |
Summary: Homes in 78626 had an average of 75 days on market in Mar 2024, down by 5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 43 homes were sold in 78626; 51% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.