Is 78723, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78723 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 78723 has remained a Seller's Market.

Key Takeaway

78723 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78723, TX cost?

Median Sold Price

$568,993

$366/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$112,560(+24.7%)

Key Takeaway

Homes in 78723 have sold for 24.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $232.2K$289.5K
+24.7%
2 $299.9K$495.5K
+65.2%
3 $450K$575K
+27.8%
4 $507.5K$625K
+23.1%
5+ $617.5K$600K
-2.8%

Median Sold Price Compared To Nearby Zip Codes

78752
+28.6%
78721
+27.6%
78722
+25.0%
78723
+24.7%
78751
+19.4%

How many homes are available in 78723, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
135125-7.4%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 01
+100.0%
2 1716
-5.9%
3 8072
-10.0%
4 3736
-2.7%
5+ 10
-100.0%

Number of Homes Sold

Oct 2021Nov 2021%
2942+44.8%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78723, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
16 Days21 Days+30.8%

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78723 are selling fast, if you're buying plan to act quickly.

About 78723, TX

Number of homes for sale in 78723, TX real estate market have reached 125. Between October 2021 and November 2021, 78723, TX real estate market has seen decrease in the number of listings by 7.4%. In November 2021 median list price was $568,993 and the average listing age was 21 days. Between October 2021 and November 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 24.7%, prices of 2 bedrooms properties went up by 65.2%, prices of 3 bedrooms properties increased by 27.8%, prices of 4 bedrooms properties went up by 23.1%, 5 bedrooms properties became 2.8% more cheaper. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 100% more available, 2 bedrooms homes became 5.9% less available, number of 3 bedrooms homes decreased by 10%, 4 bedrooms homes inventory decreased by 2.7%, number of 5 bedrooms homes decreased by 100%. In November 2021 more than 12 listings in 78723, TX were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 24 were sold below.