Is 78701, 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, 78701 was a Seller's Market.
Housing Prices in 78701, TX
How much do homes in 78701, TX cost?
Median Sold Price
$735,000
$781/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 78701 was $735,000 in February 2024, down 5.2% from last year, and the median price per square foot was $781.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $635K | $554.5K | -12.7% |
2 Bedrooms | $949.5K | $950K | 0.1% |
3 Bedrooms | $2.3M | $2.2M | -5.7% |
4 Bedrooms | $4.0M | $3.7M | -5.0% |
5+ Bedrooms | $2.6M | - | N/A |
Summary: 78701 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.7%, 2 bedroom homes increased by 0.1%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes did not change.
Housing Supply in 78701, TX
How many homes are available in 78701, TX?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
131 | 159 | +21.4% |
Summary: The 78701 real estate market had 159 homes for sale in February 2024, a 21.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 45 | 53 | +17.8% |
2 Bedrooms | 63 | 79 | +25.4% |
3 Bedrooms | 18 | 22 | +22.2% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 78701 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.8%, 2 bedroom homes increased by 25.4%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 78701 in February 2024, down by 22.2% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for 78701, TX
How long does it take to sell a home in 78701, TX?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
111 Days | 56 Days | -48.9% |
Summary: Homes in 78701 had an average of 56 days on market in Feb 2024, down by 48.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 7 homes were sold in 78701; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.