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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78633 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 78633 has remained a Seller's Market.

Key Takeaway

78633 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78633, TX

How much do homes in 78633, TX cost?

Median Sold Price

$442,908

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$51,961(-10.5%)

Key Takeaway

Homes in 78633 have sold for 10.5% less than they did a year ago.

Summary: The median home sold price in 78633 was $442,908 in February 2024, down 10.5% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $424.9K$391K
-8.0%
3 $510K$445.1K
-12.7%
4 $663K$649.9K
-2.0%
5+ $717.7K$852.4K
+18.8%

Summary: 78633 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 18.8%.

Median Sold Price Compared To Nearby Zip Codes

78642
+3.7%
76537
-7.7%
78633
-10.5%
78628
-11.2%

Housing Supply in 78633, TX

How many homes are available in 78633, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
293327+11.6%

Summary: The 78633 real estate market had 327 homes for sale in February 2024, a 11.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 125137
+9.6%
3 97103
+6.2%
4 6477
+20.3%
5+ 710
+42.9%

Summary: The 78633 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3965+66.7%

Asking Price vs. Sold Price

48 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

3 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. 73.8% of homes here sold below asking price last month.

Summary: A total of 65 homes were sold or pending in 78633 in February 2024, up by 66.7% month-over-month. Of the 65 sold homes, 74% were sold under asking, 22% were sold at asking, and 5% 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

Feb 2023Feb 2024CHANGE
68 Days86 Days+26.1%

Summary: Homes in 78633 had an average of 86 days on market in Feb 2024, up by 26.1% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78633 has remained consistent over time.

Summary: During February 2024, 65 homes were sold in 78633; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 28% 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 2 Days Ago

Newest Listings in 78633, TX

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