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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78705 is a 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

# BEDSOct 2020Oct 2021%
1 $210.4K$219K
+4.0%
2 $330K$325K
-1.5%
3 $528K$757.5K
+43.5%
4 $840K$950K
+13.1%
5+ $900K$1.1M
+28.5%

Median Sold Price Compared To Nearby Zip Codes

78751
+20.0%
78703
+15.4%
78701
+15.1%
78705
+7.3%

How many homes are available in 78705, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
7259-18.1%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 1312
-7.7%
2 4130
-26.8%
3 109
-10.0%
4 67
+16.7%
5+ 21
-50.0%

Number of Homes Sold

Sep 2021Oct 2021%
2714-48.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2020Oct 2021%
51 Days39 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78705 are selling fast, if you're buying plan to act quickly.

About 78705, TX

Number of homes for sale in 78705, TX real estate market have reached 59. The number of homes for sale in 78705, TX decreased by 18.1% between September 2021 and October 2021. While the average time on the market in October 2021 was 39 days, the median list price was $332,750. Listing prices have changed in this real estate market between September 2021 and October 2021: prices of 1 bedroom properties went up by 4%, 2 bedrooms properties became 1.5% more cheaper, the cost of 3 bedrooms properties went up by 43.5%, prices of 4 bedrooms properties increased by 13.1%, prices of 5 bedrooms properties increased by 28.5%. This housing market inventory have changed: volume of 1 bedroom homes went down by 7.7%, the quantity of 2 bedrooms homes went down by 26.8%, volume of 3 bedrooms homes went down by 10%, 4 bedrooms homes inventory increased by 16.7%, number of 5 bedrooms homes decreased by 50%. Over 3 listings were sold over their listed price in October 2021 in 78705, TX. In the same period over 5 listings were sold below the listed price and 6 listings were sold for the listed price.