Is 78727, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, 78727 was a Seller's Market.
Key Takeaway
78727 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 78727, TX
How much do homes in 78727, TX cost?
Median Sold Price
$505,350
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in 78727 have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in 78727 was $505,350 in June 2024, down 1.8% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $375K | $340K | -9.3% |
| 3 Bedrooms | $492.5K | $469.4K | -4.7% |
| 4 Bedrooms | $585K | $599K | +2.4% |
| 5+ Bedrooms | $700K | $635K | -9.3% |
Summary: 78727 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.3%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 9.3%.
Housing Supply in 78727, TX
How many homes are available in 78727, TX?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 94 | 106 | +12.8% |
Summary: The 78727 real estate market had 106 homes for sale in June 2024, a 12.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 51 | 63 | +23.5% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 78727 housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 23.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 78727, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 78727 in June 2024, down by 20.0% month-over-month. Of the 16 sold homes, 75% were sold under asking, 6% were sold at asking, and 19% were sold over asking.
Days on Market for 78727, TX
How long does it take to sell a home in 78727, TX?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 36 Days | 33 Days | -9.3% |
Summary: Homes in 78727 had an average of 33 days on market in Jun 2024, down by 9.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 78727 are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 16 homes were sold in 78727; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.