Is 78648, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 78648 was a Seller's Market.
Housing Prices in 78648, TX
How much do homes in 78648, TX cost?
Median Sold Price
$255,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 78648 was $255,000 in April 2024, down 2.9% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250.2K | $239.7K | -4.2% |
2 Bedrooms | $209K | $214.5K | +2.6% |
3 Bedrooms | $260K | $265K | +1.9% |
4 Bedrooms | $300K | $295K | -1.7% |
5+ Bedrooms | $255K | - | N/A |
Summary: 78648 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes did not change.
Housing Supply in 78648, TX
How many homes are available in 78648, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 33 | +13.8% |
Summary: The 78648 real estate market had 33 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 21 | 21 | 0.0% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 78648 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 78648 in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for 78648, TX
How long does it take to sell a home in 78648, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 105 Days | +75.4% |
Summary: Homes in 78648 had an average of 105 days on market in Apr 2024, up by 75.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in 78648; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.