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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78727 is a buyer's market

Buyer's
Market

Difference Since January 2022

At the same time last year, 78727 was a Seller's Market.

Key Takeaway

78727 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78727, TX cost?

Median Sold Price

$575,000

$319/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$50,000(+9.5%)

Key Takeaway

Homes in 78727 have sold for 9.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 --
N/A
2 $350K$381K
+8.9%
3 $516K$554.9K
+7.5%
4 $591K$649K
+9.8%
5+ $751.2K$797.5K
+6.2%

Median Sold Price Compared To Nearby Zip Codes

78729
+12.6%
78758
+11.1%
78727
+9.5%
78728
+7.6%
78759
+6.2%

How many homes are available in 78727, TX?

Number of Homes For Sale

Dec 2022Jan 2023%
73730.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 24
+100.0%
3 4239
-7.1%
4 2627
+3.8%
5+ 33
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
216-71.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78727, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
17 Days126 Days+627.8%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78727 are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About 78727, TX

78727, TX has 73 homes for sale to choose from. Listings spent 126 days on the market in January 2023, and had a median list price of $575,000 during the same period. From December 2022 through January 2023, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 8.9%, the cost of 3 bedrooms properties went up by 7.5%, the cost of 4 bedrooms properties went up by 9.8%, the cost of 5 bedrooms properties went up by 6.2%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, 2 bedrooms homes inventory increased by 100%, volume of 3 bedrooms homes went down by 7.1%, 4 bedrooms homes inventory increased by 3.8%, the quantity of 5 bedrooms homes have not changed. 78727, TX housing market in January 2023 saw over 0 listings sold above listed price, more than 2 sold at listed price and over 4 sold below.