Is 78705, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78705 is a neutral'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

# BEDSJan 2022Jan 2023%
1 $236K$263.2K
+11.5%
2 $330K$365K
+10.6%
3 $691.5K$545K
-21.2%
4 $975K$874K
-10.4%
5+ $1.2M$1.4M
+17.4%

Median Sold Price Compared To Nearby Zip Codes

78703
+47.7%
78701
+18.5%
78751
+14.9%
78705
+4.9%

How many homes are available in 78705, TX?

Number of Homes For Sale

Dec 2022Jan 2023%
4048+20.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 1117
+54.5%
2 1921
+10.5%
3 88
0.0%
4 22
0.0%
5+ 00
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
78+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

Asking vs Sold - buyer

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 2022Jan 2023%
55 Days67 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78705 has remained consistent over time.

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

About 78705, TX

There are 48 homes are for sale in 78705, TX real estate market. Between December 2022 and January 2023, 78705, TX real estate market has seen increase in the number of listings by 20%. In January 2023, listings were on the market for 67 days. During the same period, the median list price in this real estate market was $355,750. Between December 2022 and January 2023, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 11.5%, prices of 2 bedrooms properties increased by 10.6%, prices of 3 bedrooms properties went down by 21.2%, the cost of 4 bedrooms properties went down by 10.4%, prices of 5 bedrooms properties increased by 17.4%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 54.5% more available, number of 2 bedrooms homes increased by 10.5%, volume of 3 bedrooms homes stayed the same, 4 bedrooms homes did not move, volume of 5 bedrooms homes stayed the same. In January 2023, from all listings sold in 78705, TX there were more than 0 sold above asking price, over 6 sold below and more than 2 were sold right at the asked price.