Is 78676, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78676 is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, 78676 was a Seller's Market.

Key Takeaway

78676 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78676, TX cost?

Median Sold Price

$568,333

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$113,583(+25.0%)

Key Takeaway

Homes in 78676 have sold for 25% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $525K$500K
-4.8%
2 $389K$450K
+15.7%
3 $410K$525K
+28.0%
4 $652K$715K
+9.7%
5+ $875K$1.4M
+69.7%

Median Sold Price Compared To Nearby Zip Codes

78676
+25.0%
78666
+23.8%
78619
+20.4%
78640
+17.5%

How many homes are available in 78676, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
137146+6.6%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 31
-66.7%
2 1616
0.0%
3 7683
+9.2%
4 3035
+16.7%
5+ 1211
-8.3%

Number of Homes Sold

Sep 2022Oct 2022%
3216-50.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78676, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
17 Days42 Days+148.1%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78676 has remained consistent over time.

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

About 78676, TX

Homes for sale in 78676, TX have reached 146. The number of homes for sale in 78676, TX increased by 6.6% between September 2022 and October 2022. Listings spent 42 days on the market in October 2022, and had a median list price of $568,333 during the same period. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went down by 4.8%, prices of 2 bedrooms properties went up by 15.7%, the cost of 3 bedrooms properties went up by 28%, 4 bedrooms properties became 9.7% more expensive, 5 bedrooms properties became 69.7% more expensive. This housing market inventory have changed: the quantity of 1 bedroom homes went down by 66.7%, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes became 9.2% more available, 4 bedrooms homes became 16.7% more available, 5 bedrooms homes became 8.3% less available. Over 2 listings were sold over their listed price in October 2022 in 78676, TX. In the same period over 14 listings were sold below the listed price and 0 listings were sold for the listed price.