Is 78645, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 78645 was a Seller's Market.
Housing Prices in 78645, TX
How much do homes in 78645, TX cost?
Median Sold Price
$445,750
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78645 was $445,750 in March 2024, down 9% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $195.5K | -24.8% |
2 Bedrooms | $335K | $317.5K | -5.2% |
3 Bedrooms | $450K | $419.5K | -6.8% |
4 Bedrooms | $651.2K | $542.5K | -16.7% |
5+ Bedrooms | $999.9K | $959K | -4.1% |
Summary: 78645 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.8%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 4.1%.
Housing Supply in 78645, TX
How many homes are available in 78645, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
309 | 394 | +27.5% |
Summary: The 78645 real estate market had 394 homes for sale in March 2024, a 27.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 15 | +25.0% |
2 Bedrooms | 30 | 39 | +30.0% |
3 Bedrooms | 139 | 183 | +31.7% |
4 Bedrooms | 102 | 122 | +19.6% |
5+ Bedrooms | 26 | 35 | +34.6% |
Summary: The 78645 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 31.7%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 34.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 31 | +6.9% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 78645 in March 2024, up by 6.9% month-over-month. Of the 31 sold homes, 71% were sold under asking, 13% were sold at asking, and 16% were sold over asking.
Days on Market for 78645, TX
How long does it take to sell a home in 78645, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
125 Days | 82 Days | -34.2% |
Summary: Homes in 78645 had an average of 82 days on market in Mar 2024, down by 34.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in 78645; 45% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.