Is 78640, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 78640 has remained a Seller's Market.
Housing Prices in 78640, TX
How much do homes in 78640, TX cost?
Median Sold Price
$350,352
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78640 was $350,352 in March 2024, down 7.8% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $417.5K | - | N/A |
2 Bedrooms | $290.6K | $289K | -0.6% |
3 Bedrooms | $360K | $320K | -11.1% |
4 Bedrooms | $405.7K | $399.5K | -1.5% |
5+ Bedrooms | $460K | $440.2K | -4.3% |
Summary: 78640 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 4.3%.
Housing Supply in 78640, TX
How many homes are available in 78640, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
348 | 393 | +12.9% |
Summary: The 78640 real estate market had 393 homes for sale in March 2024, a 12.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 150 | 171 | +14.0% |
4 Bedrooms | 177 | 195 | +10.2% |
5+ Bedrooms | 18 | 23 | +27.8% |
Summary: The 78640 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 33.3%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 27.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 69 | +16.9% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 69 homes were sold or pending in 78640 in March 2024, up by 16.9% month-over-month. Of the 69 sold homes, 67% were sold under asking, 22% were sold at asking, and 12% were sold over asking.
Days on Market for 78640, TX
How long does it take to sell a home in 78640, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
72 Days | 74 Days | +3.0% |
Summary: Homes in 78640 had an average of 74 days on market in Mar 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During March 2024, 69 homes were sold in 78640; 39% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.