Is 78705, 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, 78705 was a Seller's Market.
Housing Prices in 78705, TX
How much do homes in 78705, TX cost?
Median Sold Price
$335,000
$418/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78705 was $335,000 in March 2024, down 6.9% from last year, and the median price per square foot was $418.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $263K | $245K | -6.8% |
2 Bedrooms | $365K | $360K | -1.4% |
3 Bedrooms | $486K | $500K | +2.9% |
4 Bedrooms | $874K | $850K | -2.7% |
5+ Bedrooms | $900K | $925K | +2.8% |
Summary: 78705 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 2.8%.
Housing Supply in 78705, TX
How many homes are available in 78705, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
91 | 116 | +27.5% |
Summary: The 78705 real estate market had 116 homes for sale in March 2024, a 27.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 27 | +35.0% |
2 Bedrooms | 45 | 56 | +24.4% |
3 Bedrooms | 12 | 16 | +33.3% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 78705 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 35%, 2 bedroom homes increased by 24.4%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 78705 in March 2024, up by 11.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 78705, TX
How long does it take to sell a home in 78705, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 41 Days | -30.4% |
Summary: Homes in 78705 had an average of 41 days on market in Mar 2024, down by 30.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 78705; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.