Is 78641, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78641 is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 78641 was a Seller's Market.

Key Takeaway

78641 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 78641, TX cost?

Median Sold Price

$520,031

$249/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$75,174(+16.9%)

Key Takeaway

Homes in 78641 have sold for 16.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $1.0M$461.6K
-56.5%
2 $290.5K$367K
+26.3%
3 $390K$440.1K
+12.9%
4 $519.4K$598.8K
+15.3%
5+ $680K$830K
+22.1%

Median Sold Price Compared To Nearby Zip Codes

78726
+19.9%
78645
+17.6%
78641
+16.9%
78613
+14.5%
78681
+9.4%

How many homes are available in 78641, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
448424-5.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 12
+100.0%
2 76
-14.3%
3 180176
-2.2%
4 204185
-9.3%
5+ 5655
-1.8%

Number of Homes Sold

Oct 2022Nov 2022%
7568-9.3%

Asking Price vs. Sold Price

52 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78641, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
17 Days58 Days+231.5%

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

32 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78641 has remained consistent over time.

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

About 78641, TX

Number of homes for sale in 78641, TX real estate market have reached 424. The inventory of homes for sale in 78641, TX between October 2022 and November 2022 decreased by 5.4%. In November 2022 median list price was $520,031 and the average listing age was 58 days. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties became 56.5% more cheaper, 2 bedrooms properties prices increased by 26.3%, 3 bedrooms properties prices increased by 12.9%, prices of 4 bedrooms properties increased by 15.3%, prices of 5 bedrooms properties went up by 22.1%. This housing market inventory have changed: 1 bedroom homes inventory increased by 100%, 2 bedrooms homes became 14.3% less available, the quantity of 3 bedrooms homes went down by 2.2%, 4 bedrooms homes became 9.3% less available, volume of 5 bedrooms homes went down by 1.8%. While more than 6 listings in 78641, TX in November 2022 were sold above asking price, there were more than 10 listings sold at asking price, and more than 52 were sold below.