Is 78705, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since January 2022
At the same time last year, 78705 was a Seller's Market.
Key Takeaway
78705 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
How much do homes in 78705, TX cost?
Median Sold Price
$355,750
$420/sqft
Based on all homes sold in the last 12 months.
Difference Since January 2022
+$16,750(+4.9%)
Key Takeaway
Homes in 78705 have sold for 4.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Jan 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | $236K | $263.2K | +11.5% |
| 2 Bedrooms | $330K | $365K | +10.6% |
| 3 Bedrooms | $691.5K | $545K | -21.2% |
| 4 Bedrooms | $975K | $874K | -10.4% |
| 5+ Bedrooms | $1.2M | $1.4M | +17.4% |
How many homes are available in 78705, TX?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 40 | 48 | +20.0% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 11 | 17 | +54.5% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 78705, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Average Sale Time
| Jan 2022 | Jan 2023 | % |
|---|---|---|
| 55 Days | 67 Days | +21.8% |
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 78705 has remained consistent over time.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS)®. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Disclaimer: Certain information contained herein is derived from information which is the property of, and copyrighted by, Houston Realtors Information Service, Inc. The listing information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Copyright© 2023 Houston Realtors Information Service, Inc. All rights reserved.