Is 78723, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 78723 has remained a Seller's Market.
Housing Prices in 78723, TX
How much do homes in 78723, TX cost?
Median Sold Price
$599,974
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 78723 was $599,974 in February 2024, down 3.5% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285.4K | $320K | +12.1% |
2 Bedrooms | $484K | $402K | -16.9% |
3 Bedrooms | $616.7K | $600K | -2.7% |
4 Bedrooms | $730K | $667.5K | -8.6% |
5+ Bedrooms | $1.0M | $599.7K | -42.1% |
Summary: 78723 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes decreased by 16.9%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 42.1%.
Housing Supply in 78723, TX
How many homes are available in 78723, TX?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
166 | 194 | +16.9% |
Summary: The 78723 real estate market had 194 homes for sale in February 2024, a 16.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 5 | -37.5% |
2 Bedrooms | 20 | 20 | 0.0% |
3 Bedrooms | 90 | 113 | +25.6% |
4 Bedrooms | 42 | 51 | +21.4% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 78723 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
26 | 34 | +30.8% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in 78723 in February 2024, up by 30.8% month-over-month. Of the 34 sold homes, 56% were sold under asking, 32% were sold at asking, and 12% were sold over asking.
Days on Market for 78723, TX
How long does it take to sell a home in 78723, TX?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
68 Days | 103 Days | +50.9% |
Summary: Homes in 78723 had an average of 103 days on market in Feb 2024, up by 50.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During February 2024, 34 homes were sold in 78723; 24% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.