Is 78645, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78645 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78645 has remained a Seller's Market.

Key Takeaway

78645 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78645, TX cost?

Median Sold Price

$418,190

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$108,240(+34.9%)

Key Takeaway

Homes in 78645 have sold for 34.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $137.4K$250K
+81.9%
2 $210K$275K
+31.0%
3 $288.3K$400K
+38.7%
4 $387K$575K
+48.6%
5+ $675.5K$850K
+25.8%

Median Sold Price Compared To Nearby Zip Codes

78641
+37.1%
78645
+34.9%
78669
+32.3%
78654
+29.7%
78734
+24.4%

How many homes are available in 78645, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
184177-3.8%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 87
-12.5%
2 2222
0.0%
3 9484
-10.6%
4 5054
+8.0%
5+ 1010
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
5641-26.8%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78645, you could pay more than the asking price. 46.3% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
49 Days14 Days-69.7%

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78645 are selling fast, if you're buying plan to act quickly.

About 78645, TX

There are 177 homes are for sale in 78645, TX real estate market. Between September 2021 and October 2021, 78645, TX real estate market has seen decrease in the number of listings by 3.8%. The median list price of listings available in October 2021 was $418,190, while the average time on the real estate market was 14 days. Listing prices have changed in this real estate market between September 2021 and October 2021: 1 bedroom properties became 81.9% more expensive, 2 bedrooms properties became 31% more expensive, 3 bedrooms properties became 38.7% more expensive, prices of 4 bedrooms properties increased by 48.6%, prices of 5 bedrooms properties went up by 25.8%. This housing market inventory have changed: volume of 1 bedroom homes went down by 12.5%, the quantity of 2 bedrooms homes have not changed, volume of 3 bedrooms homes went down by 10.6%, volume of 4 bedrooms homes went up by 8%, number of 5 bedrooms homes remained the same. In October 2021 more than 19 listings in 78645, TX were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 14 were sold below.