Is 78636, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78636 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 78636 has remained a Buyer's Market.

Key Takeaway

78636 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78636, TX

How much do homes in 78636, TX cost?

Median Sold Price

$375,000

$340/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$2,100,000(-84.8%)

Key Takeaway

Homes in 78636 have sold for 84.8% less than they did a month ago.

Summary: The median home sold price in 78636 was $375,000 in April 2024, down 84.8% from last month, and the median price per square foot was $340.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$375K
N/A
3 --
N/A
4 $2.4M$850K
-65.7%
5+ --
N/A

Summary: 78636 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 65.7%, and 5+ bedroom homes did not change.

Housing Supply in 78636, TX

How many homes are available in 78636, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2936+24.1%

Summary: The 78636 real estate market had 36 homes for sale in April 2024, a 24.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 55
0.0%
3 1520
+33.3%
4 78
+14.3%
5+ 12
+100.0%

Summary: The 78636 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78636, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 78636 in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78636, TX

How long does it take to sell a home in 78636, TX?

Average Sale Time

Mar 2024Apr 2024CHANGE
123 Days26 Days-78.3%

Summary: Homes in 78636 had an average of 26 days on market in Apr 2024, down by 78.3% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78636 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 3 homes were sold in 78636; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 5 Days Ago

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