Is 78704, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78704 is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, 78704 was a Seller's Market.

Key Takeaway

78704 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78704, TX cost?

Median Sold Price

$873,750

$615/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$121,862(+16.2%)

Key Takeaway

Homes in 78704 have sold for 16.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $344K$415K
+20.6%
2 $575K$684.6K
+19.1%
3 $889.6K$1.1M
+25.3%
4 $1.4M$1.8M
+28.6%
5+ $1.7M$1.9M
+8.6%

Median Sold Price Compared To Nearby Zip Codes

78703
+40.6%
78741
+23.8%
78701
+18.0%
78745
+17.8%
78704
+16.2%

How many homes are available in 78704, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
277311+12.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 4031
-22.5%
2 7282
+13.9%
3 108126
+16.7%
4 4760
+27.7%
5+ 1012
+20.0%

Number of Homes Sold

Sep 2022Oct 2022%
4535-22.2%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78704, you may be able to get a good deal. 68.6% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
20 Days36 Days+77.4%

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78704 are selling fast, if you're buying plan to act quickly.

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

About 78704, TX

There are 311 homes are for sale in 78704, TX real estate market. Between September 2022 and October 2022, 78704, TX real estate market has seen increase in the number of listings by 12.3%. While the average time on the market in October 2022 was 36 days, the median list price was $873,750. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 20.6%, 2 bedrooms properties became 19.1% more expensive, prices of 3 bedrooms properties increased by 25.3%, the cost of 4 bedrooms properties went up by 28.6%, 5 bedrooms properties became 8.6% more expensive. Housing inventory have changed in this real estate market: 1 bedroom homes inventory decreased by 22.5%, 2 bedrooms homes became 13.9% more available, volume of 3 bedrooms homes went up by 16.7%, 4 bedrooms homes became 27.7% more available, 5 bedrooms homes inventory increased by 20%. While more than 2 listings in 78704, TX in October 2022 were sold above asking price, there were more than 9 listings sold at asking price, and more than 24 were sold below.