Is 78628, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78628 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 78628 has remained a Seller's Market.

Key Takeaway

78628 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78628, TX cost?

Median Sold Price

$475,391

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$125,983(+36.1%)

Key Takeaway

Homes in 78628 have sold for 36.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 -$122.4K
N/A
2 $292.5K$352.5K
+20.5%
3 $305.5K$419.7K
+37.4%
4 $379.4K$530K
+39.7%
5+ $444.2K$647K
+45.7%

Median Sold Price Compared To Nearby Zip Codes

78681
+45.2%
78665
+39.9%
78641
+39.0%
78628
+36.1%
78633
+23.8%

How many homes are available in 78628, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
296256-13.5%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 108
-20.0%
3 137114
-16.8%
4 128117
-8.6%
5+ 2117
-19.0%

Number of Homes Sold

Oct 2021Nov 2021%
8778-10.3%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

34 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78628, you could pay more than the asking price. 43.6% of homes here sold above asking price last month.

Average Sale Time

Nov 2020Nov 2021%
48 Days20 Days-56.9%

Breakdown of Home Sale Times

60 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78628 are selling fast, if you're buying plan to act quickly.

About 78628, TX

78628, TX has 256 homes on the market. The inventory of homes for sale in 78628, TX between October 2021 and November 2021 decreased by 13.5%. Listings spent 20 days on the market in November 2021, and had a median list price of $475,391 during the same period. Listing prices have changed in this real estate market between October 2021 and November 2021: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 20.5%, 3 bedrooms properties became 37.4% more expensive, the cost of 4 bedrooms properties went up by 39.7%, prices of 5 bedrooms properties went up by 45.7%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory decreased by 20%, 3 bedrooms homes became 16.8% less available, number of 4 bedrooms homes decreased by 8.6%, the quantity of 5 bedrooms homes went down by 19%. 78628, TX housing market in November 2021 saw over 34 listings sold above listed price, more than 16 sold at listed price and over 28 sold below.