Is 78653, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 78653 has remained a Seller's Market.
Housing Prices in 78653, TX
How much do homes in 78653, TX cost?
Median Sold Price
$344,953
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78653 was $344,953 in March 2024, down 11.4% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $650K | $110K | -83.1% |
2 Bedrooms | $344K | $289K | -16.0% |
3 Bedrooms | $368.5K | $317.1K | -13.9% |
4 Bedrooms | $425K | $383.3K | -9.8% |
5+ Bedrooms | $500K | $417.5K | -16.5% |
Summary: 78653 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 83.1%, 2 bedroom homes decreased by 16%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes decreased by 16.5%.
Housing Supply in 78653, TX
How many homes are available in 78653, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
208 | 230 | +10.6% |
Summary: The 78653 real estate market had 230 homes for sale in March 2024, a 10.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 110 | 128 | +16.4% |
4 Bedrooms | 76 | 80 | +5.3% |
5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The 78653 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 47 | +23.7% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in 78653 in March 2024, up by 23.7% month-over-month. Of the 47 sold homes, 64% were sold under asking, 23% were sold at asking, and 13% were sold over asking.
Days on Market for 78653, TX
How long does it take to sell a home in 78653, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
89 Days | 69 Days | -22.7% |
Summary: Homes in 78653 had an average of 69 days on market in Mar 2024, down by 22.7% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 47 homes were sold in 78653; 45% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.