Is 78727, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78727 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78727 has remained a Seller's Market.

Key Takeaway

78727 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78727, TX cost?

Median Sold Price

$476,000

$277/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$85,000(+21.7%)

Key Takeaway

Homes in 78727 have sold for 21.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 --
N/A
2 $265K$339K
+27.9%
3 $378.2K$471.5K
+24.7%
4 $428.9K$555K
+29.4%
5+ $463K$752.4K
+62.5%

Median Sold Price Compared To Nearby Zip Codes

78729
+31.9%
78759
+31.3%
78728
+26.9%
78727
+21.7%
78758
+21.6%

How many homes are available in 78727, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
9894-4.1%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 118
-27.3%
3 6468
+6.3%
4 2117
-19.0%
5+ 21
-50.0%

Number of Homes Sold

Sep 2021Oct 2021%
4025-37.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78727, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
10 Days16 Days+59.5%

Breakdown of Home Sale Times

21 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 78727 are selling fast, if you're buying plan to act quickly.

About 78727, TX

There are 94 homes are for sale in 78727, TX real estate market. The number of listings in 78727, TX decreased by 4.1% between September 2021 and October 2021. In October 2021 median list price was $476,000 and the average listing age was 16 days. From September 2021 through October 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 27.9%, prices of 3 bedrooms properties increased by 24.7%, prices of 4 bedrooms properties went up by 29.4%, prices of 5 bedrooms properties went up by 62.5%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 27.3% less available, volume of 3 bedrooms homes went up by 6.3%, the quantity of 4 bedrooms homes went down by 19%, 5 bedrooms homes inventory decreased by 50%. In October 2021 more than 15 listings in 78727, TX were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 5 were sold below.