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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78724 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78724 has remained a Seller's Market.

Key Takeaway

78724 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78724, TX cost?

Median Sold Price

$358,830

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$95,930(+36.5%)

Key Takeaway

Homes in 78724 have sold for 36.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 --
N/A
2 $194K$260K
+34.0%
3 $263.9K$355K
+34.5%
4 $325.7K$400.5K
+22.9%
5+ $247.5K$382K
+54.3%

Median Sold Price Compared To Nearby Zip Codes

78725
+43.6%
78724
+36.5%
78721
+26.1%
78723
+24.6%

How many homes are available in 78724, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
7774-3.9%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 42
-50.0%
3 5057
+14.0%
4 2013
-35.0%
5+ 32
-33.3%

Number of Homes Sold

Sep 2021Oct 2021%
2519-24.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78724, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
17 Days15 Days-10.7%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78724 are selling fast, if you're buying plan to act quickly.

About 78724, TX

Number of homes for sale in 78724, TX real estate market have reached 74. Between September 2021 and October 2021, 78724, TX real estate market has seen decrease in the number of listings by 3.9%. While the average time on the market in October 2021 was 15 days, the median list price was $358,830. This housing market listing prices have changed between September 2021 and October 2021: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 34%, 3 bedrooms properties prices increased by 34.5%, prices of 4 bedrooms properties increased by 22.9%, the cost of 5 bedrooms properties went up by 54.3%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went down by 50%, 3 bedrooms homes became 14% more available, volume of 4 bedrooms homes went down by 35%, number of 5 bedrooms homes decreased by 33.3%. In October 2021, from all listings sold in 78724, TX there were more than 11 sold above asking price, over 6 sold below and more than 2 were sold right at the asked price.