Is 78728, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 78728 has remained a Seller's Market.
Housing Prices in 78728, TX
How much do homes in 78728, TX cost?
Median Sold Price
$442,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78728 was $442,000 in March 2024, down 7.9% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $349.2K | $335K | -4.1% |
3 Bedrooms | $472.5K | $433.5K | -8.3% |
4 Bedrooms | $500K | $489.9K | -2.0% |
5+ Bedrooms | $640K | - | N/A |
Summary: 78728 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes did not change.
Housing Supply in 78728, TX
How many homes are available in 78728, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 45 | +87.5% |
Summary: The 78728 real estate market had 45 homes for sale in March 2024, a 87.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 15 | 30 | +100.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 78728 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 10 | +150.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 78728 in March 2024, up by 150.0% month-over-month. Of the 10 sold homes, 90% were sold under asking, 0% were sold at asking, and 10% were sold over asking.
Days on Market for 78728, TX
How long does it take to sell a home in 78728, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
93 Days | 53 Days | -43.3% |
Summary: Homes in 78728 had an average of 53 days on market in Mar 2024, down by 43.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 78728; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.