Is 78654, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78654 is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, 78654 has remained a Seller's Market.

Key Takeaway

78654 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78654, TX cost?

Median Sold Price

$500,000

$256/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$55,000(+12.4%)

Key Takeaway

Homes in 78654 have sold for 12.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $137.5K$270K
+96.4%
2 $250.7K$442.5K
+76.5%
3 $425K$472.5K
+11.2%
4 $616K$625K
+1.5%
5+ $875K$1.1M
+35.7%

Median Sold Price Compared To Nearby Zip Codes

78669
+16.7%
78611
+15.4%
78657
+13.7%
78654
+12.4%

How many homes are available in 78654, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
7584+12.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 21
-50.0%
2 78
+14.3%
3 4449
+11.4%
4 1617
+6.3%
5+ 69
+50.0%

Number of Homes Sold

Sep 2022Oct 2022%
1116+45.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78654, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
25 Days46 Days+79.0%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78654 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 78654, TX

78654, TX has 84 homes for sale to choose from. The number of listings in 78654, TX increased by 12% between September 2022 and October 2022. In October 2022 median list price was $500,000 and the average listing age was 46 days. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 96.4%, prices of 2 bedrooms properties went up by 76.5%, 3 bedrooms properties prices increased by 11.2%, prices of 4 bedrooms properties increased by 1.5%, 5 bedrooms properties became 35.7% more expensive. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes decreased by 50%, 2 bedrooms homes became 14.3% more available, volume of 3 bedrooms homes went up by 11.4%, number of 4 bedrooms homes increased by 6.3%, the quantity of 5 bedrooms homes went up by 50%. In October 2022, from all listings sold in 78654, TX there were more than 2 sold above asking price, over 11 sold below and more than 3 were sold right at the asked price.