Is 78729, 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, 78729 has remained a Seller's Market.
Housing Prices in 78729, TX
How much do homes in 78729, TX cost?
Median Sold Price
$491,250
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78729 was $491,250 in March 2024, down 8.2% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $343K | $311.2K | -9.3% |
3 Bedrooms | $477K | $465K | -2.5% |
4 Bedrooms | $575K | $525K | -8.7% |
5+ Bedrooms | $700K | $677.4K | -3.2% |
Summary: 78729 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 9.3%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 3.2%.
Housing Supply in 78729, TX
How many homes are available in 78729, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 75 | +36.4% |
Summary: The 78729 real estate market had 75 homes for sale in March 2024, a 36.4% 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 | 3 | +50.0% |
3 Bedrooms | 37 | 51 | +37.8% |
4 Bedrooms | 15 | 19 | +26.7% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 78729 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 50%, 3 bedroom homes increased by 37.8%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 14 | +27.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 78729 in March 2024, up by 27.3% month-over-month. Of the 14 sold homes, 79% were sold under asking, 0% were sold at asking, and 21% were sold over asking.
Days on Market for 78729, TX
How long does it take to sell a home in 78729, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
76 Days | 37 Days | -51.3% |
Summary: Homes in 78729 had an average of 37 days on market in Mar 2024, down by 51.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 78729; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.