Is 78701, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78701 is a seller's market

Buyer's
Market

Difference Since November 2020

At the same time last year, 78701 was a Buyer's Market.

Key Takeaway

78701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78701, TX cost?

Median Sold Price

$627,500

$638/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$67,500(+12.1%)

Key Takeaway

Homes in 78701 have sold for 12.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $465K$467.5K
0.5%
2 $766K$829.9K
+8.3%
3 $1.7M$1.9M
+12.1%
4 $1.4M$3.4M
+127.8%
5+ -$2.6M
N/A

Median Sold Price Compared To Nearby Zip Codes

78702
+29.0%
78701
+12.1%
78705
+8.4%

How many homes are available in 78701, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
9385-8.6%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 3831
-18.4%
2 4140
-2.4%
3 88
0.0%
4 33
0.0%
5+ 33
0.0%

Number of Homes Sold

Oct 2021Nov 2021%
2627+3.8%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78701, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
80 Days31 Days-60.7%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78701 are selling fast, if you're buying plan to act quickly.

About 78701, TX

78701, TX has 85 homes on the market. Between October 2021 and November 2021, 78701, TX real estate market has seen decrease in the number of listings by 8.6%. While the average time on the market in November 2021 was 31 days, the median list price was $627,500. From October 2021 through November 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0.5%, 2 bedrooms properties prices increased by 8.3%, prices of 3 bedrooms properties went up by 12.1%, 4 bedrooms properties prices increased by 127.8%, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: 1 bedroom homes inventory decreased by 18.4%, 2 bedrooms homes became 2.4% less available, number of 3 bedrooms homes remained the same, number of 4 bedrooms homes remained the same, number of 5 bedrooms homes remained the same. 78701, TX housing market in November 2021 saw over 8 listings sold above listed price, more than 6 sold at listed price and over 13 sold below.