Is 78660, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78660 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 78660 has remained a Seller's Market.

Key Takeaway

78660 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78660, TX

How much do homes in 78660, TX cost?

Median Sold Price

$410,463

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$47,911(-10.5%)

Key Takeaway

Homes in 78660 have sold for 10.5% less than they did a year ago.

Summary: The median home sold price in 78660 was $410,463 in March 2024, down 10.5% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $321K$300K
-6.5%
3 $416.7K$368K
-11.7%
4 $506.5K$456K
-10.0%
5+ $625K$563.3K
-9.9%

Summary: 78660 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 9.9%.

Median Sold Price Compared To Nearby Zip Codes

78728
-7.9%
78664
-8.6%
78634
-9.1%
78660
-10.5%
78753
-14.4%

Housing Supply in 78660, TX

How many homes are available in 78660, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
354373+5.4%

Summary: The 78660 real estate market had 373 homes for sale in March 2024, a 5.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 87
-12.5%
3 177181
+2.3%
4 142152
+7.0%
5+ 2733
+22.2%

Summary: The 78660 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
8393+12.0%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78660, you may be able to get a good deal. 60.2% of homes here sold below asking price last month.

Summary: A total of 93 homes were sold or pending in 78660 in March 2024, up by 12.0% month-over-month. Of the 93 sold homes, 60% were sold under asking, 20% were sold at asking, and 19% were sold over asking.

Days on Market for 78660, TX

How long does it take to sell a home in 78660, TX?

Average Sale Time

Mar 2023Mar 2024CHANGE
64 Days49 Days-23.2%

Summary: Homes in 78660 had an average of 49 days on market in Mar 2024, down by 23.2% compared to last year.

Breakdown of Home Sale Times

52 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78660 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 93 homes were sold in 78660; 56% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

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

Report Updated 24 Days Ago

Newest Listings in 78660, TX

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