Is 78724, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78724 is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 78724 was a Seller's Market.

Key Takeaway

78724 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78724, TX cost?

Median Sold Price

$406,500

$287/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$41,500(+11.4%)

Key Takeaway

Homes in 78724 have sold for 11.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $267.1K$350.7K
+31.3%
3 $356.5K$402.4K
+12.9%
4 $401K$435K
+8.5%
5+ $382K$456.9K
+19.6%

Median Sold Price Compared To Nearby Zip Codes

78754
+17.5%
78725
+16.6%
78724
+11.4%
78723
+8.2%

How many homes are available in 78724, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
8580-5.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 53
-40.0%
3 5651
-8.9%
4 2325
+8.7%
5+ 11
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
106-40.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78724, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
16 Days48 Days+191.2%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78724 has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 78724, TX

Number of homes for sale in 78724, TX real estate market have reached 80. The inventory of homes for sale in 78724, TX between October 2022 and November 2022 decreased by 5.9%. Listings spent 48 days on the market in November 2022, and had a median list price of $406,500 during the same period. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 31.3% more expensive, 3 bedrooms properties became 12.9% more expensive, 4 bedrooms properties became 8.5% more expensive, 5 bedrooms properties became 19.6% more expensive. Volume of homes for sale changed: number of 1 bedroom homes remained the same, 2 bedrooms homes became 40% less available, the quantity of 3 bedrooms homes went down by 8.9%, 4 bedrooms homes inventory increased by 8.7%, 5 bedrooms homes did not move. In November 2022, from all listings sold in 78724, TX there were more than 1 sold above asking price, over 5 sold below and more than 0 were sold right at the asked price.