Is 78669, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78669 is a buyer's market

Buyer's
Market

Difference Since March 2023

Since last year, 78669 has remained a Buyer's Market.

Key Takeaway

78669 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78669, TX

How much do homes in 78669, TX cost?

Median Sold Price

$831,500

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$48,500(-5.5%)

Key Takeaway

Homes in 78669 have sold for 5.5% less than they did a year ago.

Summary: The median home sold price in 78669 was $831,500 in March 2024, down 5.5% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $362K$390K
+7.7%
2 $792.5K$405.9K
-48.8%
3 $725K$635.3K
-12.4%
4 $965K$856K
-11.3%
5+ $1.3M$1.1M
-15.2%

Summary: 78669 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes decreased by 48.8%, 3 bedroom homes decreased by 12.4%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes decreased by 15.2%.

Median Sold Price Compared To Nearby Zip Codes

78738
-5.1%
78669
-5.5%
78645
-9.0%
78734
-9.6%

Housing Supply in 78669, TX

How many homes are available in 78669, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
294369+25.5%

Summary: The 78669 real estate market had 369 homes for sale in March 2024, a 25.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1010
0.0%
2 1821
+16.7%
3 77102
+32.5%
4 118149
+26.3%
5+ 7187
+22.5%

Summary: The 78669 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 increased by 16.7%, 3 bedroom homes increased by 32.5%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 22.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2930+3.4%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78669, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in 78669 in March 2024, up by 3.4% month-over-month. Of the 30 sold homes, 67% were sold under asking, 27% were sold at asking, and 7% were sold over asking.

Days on Market for 78669, TX

How long does it take to sell a home in 78669, TX?

Average Sale Time

Mar 2023Mar 2024CHANGE
65 Days122 Days+87.8%

Summary: Homes in 78669 had an average of 122 days on market in Mar 2024, up by 87.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78669 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 30 homes were sold in 78669; 27% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 60% 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 18 Days Ago

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