Is 78721, 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, 78721 was a Buyer's Market.
Housing Prices in 78721, TX
How much do homes in 78721, TX cost?
Median Sold Price
$529,500
$397/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78721 was $529,500 in March 2024, down 11.7% from last year, and the median price per square foot was $397.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $537.5K | $384.5K | -28.5% |
2 Bedrooms | $548.7K | $481.2K | -12.3% |
3 Bedrooms | $633.7K | $565K | -10.8% |
4 Bedrooms | $680K | $726.2K | +6.8% |
5+ Bedrooms | $915K | $1.4M | +58.5% |
Summary: 78721 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.5%, 2 bedroom homes decreased by 12.3%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 58.5%.
Housing Supply in 78721, TX
How many homes are available in 78721, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
103 | 110 | +6.8% |
Summary: The 78721 real estate market had 110 homes for sale in March 2024, a 6.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 33 | 37 | +12.1% |
3 Bedrooms | 51 | 55 | +7.8% |
4 Bedrooms | 15 | 13 | -13.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 78721 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 18 | +63.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 78721 in March 2024, up by 63.6% month-over-month. Of the 18 sold homes, 72% were sold under asking, 6% were sold at asking, and 22% were sold over asking.
Days on Market for 78721, TX
How long does it take to sell a home in 78721, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
89 Days | 81 Days | -9.0% |
Summary: Homes in 78721 had an average of 81 days on market in Mar 2024, down by 9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 78721; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.