Is 78704, 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, 78704 was a Seller's Market.
Housing Prices in 78704, TX
How much do homes in 78704, TX cost?
Median Sold Price
$862,811
$562/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78704 was $862,811 in March 2024, down 1% from last year, and the median price per square foot was $562.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $425K | $376.2K | -11.5% |
2 Bedrooms | $685K | $649K | -5.3% |
3 Bedrooms | $1.0M | $950K | -13.6% |
4 Bedrooms | $1.9M | $1.6M | -18.9% |
5+ Bedrooms | $2.1M | $1.8M | -11.9% |
Summary: 78704 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.5%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes decreased by 11.9%.
Housing Supply in 78704, TX
How many homes are available in 78704, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
297 | 388 | +30.6% |
Summary: The 78704 real estate market had 388 homes for sale in March 2024, a 30.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 28 | 39 | +39.3% |
2 Bedrooms | 92 | 104 | +13.0% |
3 Bedrooms | 86 | 126 | +46.5% |
4 Bedrooms | 66 | 80 | +21.2% |
5+ Bedrooms | 25 | 39 | +56.0% |
Summary: The 78704 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 39.3%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 46.5%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 56%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 48 | +37.1% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in 78704 in March 2024, up by 37.1% month-over-month. Of the 48 sold homes, 77% were sold under asking, 17% were sold at asking, and 6% were sold over asking.
Days on Market for 78704, TX
How long does it take to sell a home in 78704, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 79 Days | +37.4% |
Summary: Homes in 78704 had an average of 79 days on market in Mar 2024, up by 37.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During March 2024, 48 homes were sold in 78704; 40% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.