Is 78633, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78633 is a neutral's market

Buyer's
Market

Difference Since June 2023

At the same time last year, 78633 was a Seller's Market.

Key Takeaway

78633 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 78633, TX

How much do homes in 78633, TX cost?

Median Sold Price

$449,833

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$15,174(-3.3%)

Key Takeaway

Homes in 78633 have sold for 3.3% less than they did a year ago.

Summary: The median home sold price in 78633 was $449,833 in June 2024, down 3.3% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $408.2K$385.1K
-5.7%
3 $469K$458.6K
-2.2%
4 $653.7K$617K
-5.6%
5+ $720.3K$751.9K
+4.4%

Summary: 78633 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 4.4%.

Median Sold Price Compared To Nearby Zip Codes

78642
+18.5%
76527
+9.2%
76537
-1.3%
78628
-3.1%
78633
-3.3%

Housing Supply in 78633, TX

How many homes are available in 78633, TX?

Number of Homes For Sale

May 2024Jun 2024CHANGE
394391-0.8%

Summary: The 78633 real estate market had 391 homes for sale in June 2024, a 0.8% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 170178
+4.7%
3 114118
+3.5%
4 9174
-18.7%
5+ 1921
+10.5%

Summary: The 78633 housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 18.7%, and 5+ bedroom homes increased by 10.5%.

Number of Homes Sold

May 2024Jun 2024CHANGE
8361-26.5%

Asking Price vs. Sold Price

41 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78633, you may be able to get a good deal. 67.2% of homes here sold below asking price last month.

Summary: A total of 61 homes were sold or pending in 78633 in June 2024, down by 26.5% month-over-month. Of the 61 sold homes, 67% were sold under asking, 21% were sold at asking, and 11% were sold over asking.

Days on Market for 78633, TX

How long does it take to sell a home in 78633, TX?

Average Sale Time

Jun 2023Jun 2024CHANGE
69 Days53 Days-22.9%

Summary: Homes in 78633 had an average of 53 days on market in Jun 2024, down by 22.9% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78633 are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 61 homes were sold in 78633; 52% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

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

Report Updated 26 Days Ago

Newest Listings in 78633, TX

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