Is 78681, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78681 is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, 78681 has remained a Seller's Market.

Key Takeaway

78681 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78681, TX

How much do homes in 78681, TX cost?

Median Sold Price

$526,666

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$31,071(-5.6%)

Key Takeaway

Homes in 78681 have sold for 5.6% less than they did a year ago.

Summary: The median home sold price in 78681 was $526,666 in June 2024, down 5.6% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 -$352.2K
N/A
2 $317.5K$290K
-8.7%
3 $441.3K$418.5K
-5.2%
4 $638.1K$594.5K
-6.8%
5+ $800K$700K
-12.5%

Summary: 78681 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.7%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 12.5%.

Median Sold Price Compared To Nearby Zip Codes

78664
-4.1%
78613
-4.3%
78681
-5.6%
78665
-7.3%
78717
-11.1%

Housing Supply in 78681, TX

How many homes are available in 78681, TX?

Number of Homes For Sale

May 2024Jun 2024CHANGE
234240+2.6%

Summary: The 78681 real estate market had 240 homes for sale in June 2024, a 2.6% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 9285
-7.6%
4 112116
+3.6%
5+ 2735
+29.6%

Summary: The 78681 housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 29.6%.

Number of Homes Sold

May 2024Jun 2024CHANGE
6744-34.3%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78681, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in 78681 in June 2024, down by 34.3% month-over-month. Of the 44 sold homes, 57% were sold under asking, 18% were sold at asking, and 25% were sold over asking.

Days on Market for 78681, TX

How long does it take to sell a home in 78681, TX?

Average Sale Time

Jun 2023Jun 2024CHANGE
24 Days20 Days-14.7%

Summary: Homes in 78681 had an average of 20 days on market in Jun 2024, down by 14.7% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78681 are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 44 homes were sold in 78681; 82% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 2% 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 26 Days Ago

Newest Listings in 78681, TX

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