Is 78654, 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, 78654 was a Seller's Market.
Housing Prices in 78654, TX
How much do homes in 78654, TX cost?
Median Sold Price
$454,500
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78654 was $454,500 in March 2024, down 7% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $236.8K | $195K | -17.7% |
2 Bedrooms | $395K | $276.2K | -30.1% |
3 Bedrooms | $484K | $407.5K | -15.8% |
4 Bedrooms | $620K | $815K | +31.5% |
5+ Bedrooms | $850K | $765K | -10.0% |
Summary: 78654 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.7%, 2 bedroom homes decreased by 30.1%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes decreased by 10%.
Housing Supply in 78654, TX
How many homes are available in 78654, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
99 | 127 | +28.3% |
Summary: The 78654 real estate market had 127 homes for sale in March 2024, a 28.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 9 | 15 | +66.7% |
3 Bedrooms | 62 | 73 | +17.7% |
4 Bedrooms | 20 | 29 | +45.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 78654 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 45%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 5 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 78654 in March 2024, down by 50.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for 78654, TX
How long does it take to sell a home in 78654, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
109 Days | 42 Days | -61.1% |
Summary: Homes in 78654 had an average of 42 days on market in Mar 2024, down by 61.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 78654; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.