Is 78729, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78729 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78729 has remained a Seller's Market.

Key Takeaway

78729 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78729, TX cost?

Median Sold Price

$477,437

$247/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$115,437(+31.9%)

Key Takeaway

Homes in 78729 have sold for 31.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 --
N/A
2 $209K$306.8K
+46.8%
3 $345K$450K
+30.4%
4 $386.5K$521.7K
+35.0%
5+ $445K$603.5K
+35.6%

Median Sold Price Compared To Nearby Zip Codes

78717
+37.4%
78729
+31.9%
78750
+30.4%
78728
+26.9%
78727
+21.7%

How many homes are available in 78729, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
8077-3.8%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 43
-25.0%
3 4145
+9.8%
4 3427
-20.6%
5+ 12
+100.0%

Number of Homes Sold

Sep 2021Oct 2021%
3021-30.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78729, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
18 Days14 Days-21.1%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78729 are selling fast, if you're buying plan to act quickly.

About 78729, TX

Homes for sale in 78729, TX have reached 77. In October 2021 in 78729, TX there were 3.8% less homes for sale than in September 2021. In October 2021, listings were on the market for 14 days. During the same period, the median list price in this real estate market was $477,437. Real estate listing prices changed between September 2021 and October 2021: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 46.8%, 3 bedrooms properties became 30.4% more expensive, 4 bedrooms properties prices increased by 35%, 5 bedrooms properties became 35.6% more expensive. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes decreased by 25%, number of 3 bedrooms homes increased by 9.8%, number of 4 bedrooms homes decreased by 20.6%, 5 bedrooms homes became 100% more available. In October 2021 more than 11 listings in 78729, TX were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 7 were sold below.