Is 78676, 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, 78676 was a Seller's Market.
Housing Prices in 78676, TX
How much do homes in 78676, TX cost?
Median Sold Price
$526,350
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78676 was $526,350 in March 2024, down 6.8% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $547.5K | $537.5K | -1.8% |
2 Bedrooms | $447.5K | $399.2K | -10.8% |
3 Bedrooms | $525K | $485K | -7.6% |
4 Bedrooms | $709.9K | $800K | +12.7% |
5+ Bedrooms | $1.4M | $1.4M | -3.7% |
Summary: 78676 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 3.7%.
Housing Supply in 78676, TX
How many homes are available in 78676, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
176 | 227 | +29.0% |
Summary: The 78676 real estate market had 227 homes for sale in March 2024, a 29.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 18 | 25 | +38.9% |
3 Bedrooms | 97 | 122 | +25.8% |
4 Bedrooms | 35 | 46 | +31.4% |
5+ Bedrooms | 23 | 29 | +26.1% |
Summary: The 78676 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 38.9%, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes increased by 26.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 21 | +61.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 78676 in March 2024, up by 61.5% month-over-month. Of the 21 sold homes, 76% were sold under asking, 14% were sold at asking, and 10% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
83 Days | 80 Days | -3.2% |
Summary: Homes in 78676 had an average of 80 days on market in Mar 2024, down by 3.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 78676; 38% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.