Is 78644, 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, 78644 has remained a Seller's Market.
Housing Prices in 78644, TX
How much do homes in 78644, TX cost?
Median Sold Price
$305,990
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78644 was $305,990 in March 2024, down 7.3% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $410K | +115.8% |
2 Bedrooms | $280K | $302.5K | +8.0% |
3 Bedrooms | $320K | $290K | -9.4% |
4 Bedrooms | $349.9K | $335.8K | -4.0% |
5+ Bedrooms | $640K | $445K | -30.5% |
Summary: 78644 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 115.8%, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 30.5%.
Median Sold Price Compared To Nearby Zip Codes
78616 | $395K | $499K | +26.3% |
78644 | $330K | $305.9K | -7.3% |
Housing Supply in 78644, TX
How many homes are available in 78644, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
105 | 97 | -7.6% |
Summary: The 78644 real estate market had 97 homes for sale in March 2024, a 7.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 60 | 55 | -8.3% |
4 Bedrooms | 32 | 29 | -9.4% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 78644 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 decreased by 14.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 23 | +15.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 78644 in March 2024, up by 15.0% month-over-month. Of the 23 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.
Days on Market for 78644, TX
How long does it take to sell a home in 78644, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 64 Days | +137.8% |
Summary: Homes in 78644 had an average of 64 days on market in Mar 2024, up by 137.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 78644; 35% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.