Is 78642, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 78642 has remained a Buyer's Market.
Housing Prices in 78642, TX
How much do homes in 78642, TX cost?
Median Sold Price
$596,543
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 78642 was $596,543 in February 2024, up 3.7% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $550K | - | N/A |
2 Bedrooms | $643.7K | $484.5K | -24.7% |
3 Bedrooms | $420K | $368.6K | -12.2% |
4 Bedrooms | $700K | $692.5K | -1.1% |
5+ Bedrooms | $783K | $896.3K | +14.5% |
Summary: 78642 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 24.7%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 14.5%.
Housing Supply in 78642, TX
How many homes are available in 78642, TX?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
161 | 177 | +9.9% |
Summary: The 78642 real estate market had 177 homes for sale in February 2024, a 9.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 14 | 16 | +14.3% |
3 Bedrooms | 42 | 48 | +14.3% |
4 Bedrooms | 78 | 84 | +7.7% |
5+ Bedrooms | 25 | 28 | +12.0% |
Summary: The 78642 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 12%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 19 | +72.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 78642 in February 2024, up by 72.7% month-over-month. Of the 19 sold homes, 79% were sold under asking, 16% were sold at asking, and 5% were sold over asking.
Days on Market for 78642, TX
How long does it take to sell a home in 78642, TX?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
75 Days | 157 Days | +108.8% |
Summary: Homes in 78642 had an average of 157 days on market in Feb 2024, up by 108.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During February 2024, 19 homes were sold in 78642; 21% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 58% of homes were sold over 90 days.