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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78701 is a buyer's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

78701 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78701, TX cost?

Median Sold Price

$748,000

$772/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$113,000(+17.8%)

Key Takeaway

Homes in 78701 have sold for 17.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $470K$604K
+28.5%
2 $849.2K$910K
+7.2%
3 $1.9M$2.6M
+37.7%
4 $3.8M$2.9M
-23.4%
5+ $2.6M$2.6M
-1.9%

Median Sold Price Compared To Nearby Zip Codes

78701
+17.8%
78702
+15.1%
78705
+7.5%

How many homes are available in 78701, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
7879+1.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 3131
0.0%
2 3938
-2.6%
3 810
+25.0%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
146-57.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 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. 60% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
40 Days95 Days+132.8%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78701 are taking a long time to sell, it's a good idea to negotiate on homes here.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 78701, TX

Number of homes for sale in 78701, TX real estate market have reached 79. Between October 2022 and November 2022, 78701, TX real estate market has seen increase in the number of listings by 1.3%. In November 2022 median list price was $748,000 and the average listing age was 95 days. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 28.5%, the cost of 2 bedrooms properties went up by 7.2%, prices of 3 bedrooms properties increased by 37.7%, prices of 4 bedrooms properties decreased by 23.4%, prices of 5 bedrooms properties decreased by 1.9%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went down by 2.6%, number of 3 bedrooms homes increased by 25%, 4 bedrooms homes did not move, 5 bedrooms homes did not move. While more than 0 listings in 78701, TX in November 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 3 were sold below.