Is 78702, 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, 78702 was a Seller's Market.
Housing Prices in 78702, TX
How much do homes in 78702, TX cost?
Median Sold Price
$688,500
$541/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78702 was $688,500 in March 2024, down 5% from last year, and the median price per square foot was $541.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $440.5K | $399.9K | -9.2% |
2 Bedrooms | $652.9K | $639K | -2.1% |
3 Bedrooms | $812.2K | $733.5K | -9.7% |
4 Bedrooms | $1.0M | $1.0M | +5.5% |
5+ Bedrooms | $1.4M | $1.2M | -15.2% |
Summary: 78702 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.2%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 15.2%.
Housing Supply in 78702, TX
How many homes are available in 78702, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
165 | 215 | +30.3% |
Summary: The 78702 real estate market had 215 homes for sale in March 2024, a 30.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 27 | +58.8% |
2 Bedrooms | 44 | 58 | +31.8% |
3 Bedrooms | 58 | 75 | +29.3% |
4 Bedrooms | 32 | 37 | +15.6% |
5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The 78702 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 58.8%, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 29.3%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 10 | -37.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 78702 in March 2024, down by 37.5% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 78702, TX
How long does it take to sell a home in 78702, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 34 Days | -37.2% |
Summary: Homes in 78702 had an average of 34 days on market in Mar 2024, down by 37.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 78702; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.