Is 78705, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2020
Since last year, 78705 has remained a Seller's Market.
Key Takeaway
78705 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in 78705, TX cost?
Median Sold Price
$332,750
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2020
+$22,750(+7.3%)
Key Takeaway
Homes in 78705 have sold for 7.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Oct 2020 | Oct 2021 | % |
|---|---|---|---|
| 1 Bedroom | $210.4K | $219K | +4.0% |
| 2 Bedrooms | $330K | $325K | -1.5%  |
| 3 Bedrooms | $528K | $757.5K | +43.5% |
| 4 Bedrooms | $840K | $950K | +13.1% |
| 5+ Bedrooms | $900K | $1.1M | +28.5% |
How many homes are available in 78705, TX?
Number of Homes For Sale
| Sep 2021 | Oct 2021 | % |
|---|---|---|
| 72 | 59 | -18.1% |
Homes For Sale By Bedroom Count
| # BEDS | Sep 2021 | Oct 2021 | % |
|---|---|---|---|
| 1 Bedroom | 13 | 12 | -7.7% |
| 2 Bedrooms | 41 | 30 | -26.8% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 6 | 7 | +16.7%  |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Number of Homes Sold
| Sep 2021 | Oct 2021 | % |
|---|---|---|
| 27 | 14 | -48.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 78705, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Average Sale Time
| Oct 2020 | Oct 2021 | % |
|---|---|---|
| 51 Days | 39 Days | -23.5% |
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 78705 are selling fast, if you're buying plan to act quickly.
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. Copyright 2005 Austin Central Texas Realty Information Services, Inc.
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© 2021 Houston Realtors Information Service, Inc. All rights reserved.