Is 78657, 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, 78657 was a Neutral Market.
Housing Prices in 78657, TX
How much do homes in 78657, TX cost?
Median Sold Price
$515,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78657 was $515,000 in March 2024, down 16% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $193K | $411.2K | +113.1% |
2 Bedrooms | $419K | $373.4K | -10.9% |
3 Bedrooms | $575K | $445.7K | -22.5% |
4 Bedrooms | $942.4K | $1.1M | +27.0% |
5+ Bedrooms | $1.6M | $4.5M | +181.3% |
Summary: 78657 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 113.1%, 2 bedroom homes decreased by 10.9%, 3 bedroom homes decreased by 22.5%, 4 bedroom homes increased by 27%, and 5+ bedroom homes increased by 181.3%.
Housing Supply in 78657, TX
How many homes are available in 78657, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
164 | 197 | +20.1% |
Summary: The 78657 real estate market had 197 homes for sale in March 2024, a 20.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 28 | 33 | +17.9% |
3 Bedrooms | 84 | 98 | +16.7% |
4 Bedrooms | 35 | 46 | +31.4% |
5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The 78657 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 13 | +62.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 78657 in March 2024, up by 62.5% month-over-month. Of the 12 sold homes, 92% were sold under asking, 8% were sold at asking, and 0% were sold over asking.
Days on Market for 78657, TX
How long does it take to sell a home in 78657, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
91 Days | 83 Days | -8.4% |
Summary: Homes in 78657 had an average of 83 days on market in Mar 2024, down by 8.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 78657; 15% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.