Is 78653, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78653 is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 78653 was a Seller's Market.

Key Takeaway

78653 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78653, TX cost?

Median Sold Price

$400,000

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$59,920(+17.6%)

Key Takeaway

Homes in 78653 have sold for 17.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$650K
N/A
2 $259K$317.5K
+22.6%
3 $327.3K$382.6K
+16.9%
4 $360K$425K
+18.1%
5+ $421K$559K
+32.8%

Median Sold Price Compared To Nearby Zip Codes

78653
+17.6%
78754
+17.5%
78725
+16.6%
78660
+13.1%
78724
+11.4%

How many homes are available in 78653, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
205200-2.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 55
0.0%
3 109109
0.0%
4 7771
-7.8%
5+ 1314
+7.7%

Number of Homes Sold

Oct 2022Nov 2022%
3223-28.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78653, you may be able to get a good deal. 78.3% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
16 Days47 Days+183.7%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78653 are selling fast, if you're buying plan to act quickly.

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

About 78653, TX

78653, TX has 200 homes on the market. The number of listings in 78653, TX decreased by 2.4% between October 2022 and November 2022. The median list price of listings available in November 2022 was $400,000, while the average time on the real estate market was 47 days. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 22.6%, prices of 3 bedrooms properties went up by 16.9%, 4 bedrooms properties prices increased by 18.1%, prices of 5 bedrooms properties went up by 32.8%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory did not change, 3 bedrooms homes did not move, 4 bedrooms homes became 7.8% less available, 5 bedrooms homes inventory increased by 7.7%. 78653, TX housing market in November 2022 saw over 1 listings sold above listed price, more than 4 sold at listed price and over 18 sold below.