Is 78642, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78642 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78642 has remained a Seller's Market.

Key Takeaway

78642 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78642, TX cost?

Median Sold Price

$476,666

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$149,183(+45.6%)

Key Takeaway

Homes in 78642 have sold for 45.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $580K$398K
-31.4%
2 $200K$332.9K
+66.5%
3 $258K$383.5K
+48.6%
4 $440K$565K
+28.4%
5+ $390K$511K
+31.0%

Median Sold Price Compared To Nearby Zip Codes

78642
+45.6%
78641
+37.1%
78628
+33.5%
78633
+24.2%
78605
+4.5%

How many homes are available in 78642, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
10694-11.3%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 10
-100.0%
2 33
0.0%
3 3426
-23.5%
4 5850
-13.8%
5+ 1015
+50.0%

Number of Homes Sold

Sep 2021Oct 2021%
2825-10.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78642, you could pay more than the asking price. 45.8% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
38 Days20 Days-46.3%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78642 are selling fast, if you're buying plan to act quickly.

About 78642, TX

Number of homes for sale in 78642, TX real estate market have reached 94. The inventory of homes for sale in 78642, TX between September 2021 and October 2021 decreased by 11.3%. In October 2021 median list price was $476,666 and the average listing age was 20 days. Real estate listing prices changed between September 2021 and October 2021: 1 bedroom properties became 31.4% more cheaper, the cost of 2 bedrooms properties went up by 66.5%, 3 bedrooms properties prices increased by 48.6%, 4 bedrooms properties prices increased by 28.4%, the cost of 5 bedrooms properties went up by 31%. Volume of homes for sale changed: 1 bedroom homes became 100% less available, number of 2 bedrooms homes remained the same, volume of 3 bedrooms homes went down by 23.5%, number of 4 bedrooms homes decreased by 13.8%, 5 bedrooms homes became 50% more available. In October 2021 more than 11 listings in 78642, TX were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 7 were sold below.