Is 78644, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78644 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 78644 has remained a Seller's Market.

Key Takeaway

78644 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$24,010(-7.3%)

Key Takeaway

Homes in 78644 have sold for 7.3% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $190K$410K
+115.8%
2 $280K$302.5K
+8.0%
3 $320K$290K
-9.4%
4 $349.9K$335.8K
-4.0%
5+ $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
+26.3%
78644
-7.3%

Housing Supply in 78644, TX

How many homes are available in 78644, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
10597-7.6%

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

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 76
-14.3%
3 6055
-8.3%
4 3229
-9.4%
5+ 56
+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 2024Mar 2024CHANGE
2023+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78644, you may be able to get a good deal. 60.9% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
27 Days64 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78644 are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 17 Days Ago

Newest Listings in 78644, TX

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