Is 78628, 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, 78628 was a Seller's Market.
Housing Prices in 78628, TX
How much do homes in 78628, TX cost?
Median Sold Price
$499,999
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78628 was $499,999 in March 2024, down 8.1% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $545K | +211.4% |
2 Bedrooms | $462K | $392.5K | -15.0% |
3 Bedrooms | $459.5K | $412.7K | -10.2% |
4 Bedrooms | $608.5K | $543K | -10.8% |
5+ Bedrooms | $759K | $667.3K | -12.1% |
Summary: 78628 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 211.4%, 2 bedroom homes decreased by 15%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 12.1%.
Housing Supply in 78628, TX
How many homes are available in 78628, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
585 | 620 | +6.0% |
Summary: The 78628 real estate market had 620 homes for sale in March 2024, a 6.0% 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 | 13 | 15 | +15.4% |
3 Bedrooms | 179 | 195 | +8.9% |
4 Bedrooms | 310 | 317 | +2.3% |
5+ Bedrooms | 82 | 92 | +12.2% |
Summary: The 78628 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 15.4%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 12.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
109 | 100 | -8.3% |
Asking Price vs. Sold Price
68 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 100 homes were sold or pending in 78628 in March 2024, down by 8.3% month-over-month. Of the 100 sold homes, 68% were sold under asking, 19% were sold at asking, and 13% were sold over asking.
Days on Market for 78628, TX
How long does it take to sell a home in 78628, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
90 Days | 91 Days | +0.7% |
Summary: Homes in 78628 had an average of 91 days on market in Mar 2024, up by 0.7% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
39 Homes Were Sold
Over 90 Days
Summary: During March 2024, 100 homes were sold in 78628; 37% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.