Is 78676, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 78676 was a Seller's Market.
Housing Prices in 78676, TX
How much do homes in 78676, TX cost?
Median Sold Price
$532,500
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 78676 was $532,500 in February 2024, down 7.4% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $500K | $537.5K | +7.5% |
2 Bedrooms | $442.5K | $425K | -4.0% |
3 Bedrooms | $523.7K | $496.5K | -5.2% |
4 Bedrooms | $714.9K | $800K | +11.9% |
5+ Bedrooms | $1.4M | $807.3K | -45.5% |
Summary: 78676 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 45.5%.
Housing Supply in 78676, TX
How many homes are available in 78676, TX?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
158 | 179 | +13.3% |
Summary: The 78676 real estate market had 179 homes for sale in February 2024, a 13.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 20 | 20 | 0.0% |
3 Bedrooms | 88 | 100 | +13.6% |
4 Bedrooms | 29 | 36 | +24.1% |
5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The 78676 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 11 | -15.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 78676 in February 2024, down by 15.4% month-over-month. Of the 11 sold homes, 91% were sold under asking, 0% were sold at asking, and 9% were sold over asking.
Days on Market for 78676, TX
How long does it take to sell a home in 78676, TX?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
86 Days | 105 Days | +23.2% |
Summary: Homes in 78676 had an average of 105 days on market in Feb 2024, up by 23.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 11 homes were sold in 78676; 9% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.