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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78704 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 78704 has remained a Seller's Market.

Key Takeaway

78704 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78704, TX cost?

Median Sold Price

$759,369

$505/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$119,239(+18.6%)

Key Takeaway

Homes in 78704 have sold for 18.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $282.7K$342.9K
+21.3%
2 $503.5K$575K
+14.2%
3 $719.1K$900.3K
+25.2%
4 $1.2M$1.3M
+12.1%
5+ $1.7M$1.7M
+1.2%

Median Sold Price Compared To Nearby Zip Codes

78745
+32.4%
78704
+18.6%
78703
+15.4%
78741
+14.6%
78701
+12.1%

How many homes are available in 78704, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
213195-8.5%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 2826
-7.1%
2 6465
+1.6%
3 7765
-15.6%
4 3227
-15.6%
5+ 1212
0.0%

Number of Homes Sold

Oct 2021Nov 2021%
6059-1.7%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78704, you could pay more than the asking price. 47.5% of homes here sold above asking price last month.

Average Sale Time

Nov 2020Nov 2021%
32 Days20 Days-36.1%

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 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.

About 78704, TX

78704, TX has 195 homes for sale to choose from. The number of listings in 78704, TX decreased by 8.5% between October 2021 and November 2021. Listings spent 20 days on the market in November 2021, and had a median list price of $759,369 during the same period. From October 2021 through November 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 21.3%, prices of 2 bedrooms properties increased by 14.2%, prices of 3 bedrooms properties increased by 25.2%, prices of 4 bedrooms properties went up by 12.1%, 5 bedrooms properties became 1.2% more expensive. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went down by 7.1%, number of 2 bedrooms homes increased by 1.6%, 3 bedrooms homes became 15.6% less available, the quantity of 4 bedrooms homes went down by 15.6%, number of 5 bedrooms homes remained the same. In November 2021, from all listings sold in 78704, TX there were more than 28 sold above asking price, over 17 sold below and more than 14 were sold right at the asked price.