Is 78717, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, 78717 has remained a Seller's Market.
Key Takeaway
78717 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 78717, TX
How much do homes in 78717, TX cost?
Median Sold Price
$569,666
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in 78717 have sold for 11.1% less than they did a year ago.
Summary: The median home sold price in 78717 was $569,666 in June 2024, down 11.1% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $394K | $401.8K | +2.0% |
| 3 Bedrooms | $540K | $500K | -7.4% |
| 4 Bedrooms | $699.5K | $637.7K | -8.8% |
| 5+ Bedrooms | $836K | $777.5K | -7.0% |
Summary: 78717 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 7%.
Housing Supply in 78717, TX
How many homes are available in 78717, TX?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 104 | 116 | +11.5% |
Summary: The 78717 real estate market had 116 homes for sale in June 2024, a 11.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 51 | 53 | +3.9% |
| 4 Bedrooms | 28 | 35 | +25.0% |
| 5+ Bedrooms | 19 | 22 | +15.8% |
Summary: The 78717 housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 30 | 20 | -33.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 78717, you may be able to get a good deal. 55% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 78717 in June 2024, down by 33.3% month-over-month. Of the 20 sold homes, 55% were sold under asking, 15% were sold at asking, and 30% were sold over asking.
Days on Market for 78717, TX
How long does it take to sell a home in 78717, TX?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 23 Days | 34 Days | +48.5% |
Summary: Homes in 78717 had an average of 34 days on market in Jun 2024, up by 48.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 78717 are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 20 homes were sold in 78717; 60% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS 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, ACTRIS or Unlock MLS 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. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. 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. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.