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 2021

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

$552,500

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$75,062(+15.7%)

Key Takeaway

Homes in 78729 have sold for 15.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $302.5K$353.5K
+16.9%
3 $450K$510K
+13.3%
4 $521.7K$600K
+15.0%
5+ $580K$780K
+34.5%

Median Sold Price Compared To Nearby Zip Codes

78717
+19.1%
78727
+17.9%
78728
+15.9%
78729
+15.7%
78750
+12.7%

How many homes are available in 78729, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
9794-3.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 33
0.0%
3 5557
+3.6%
4 3631
-13.9%
5+ 33
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
1620+25.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78729, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
17 Days42 Days+147.9%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 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.

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

About 78729, TX

Homes for sale in 78729, TX have reached 94. The number of homes for sale in 78729, TX decreased by 3.1% between September 2022 and October 2022. In October 2022 median list price was $552,500 and the average listing age was 42 days. Listing prices have changed in this real estate market between September 2022 and October 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties increased by 16.9%, 3 bedrooms properties became 13.3% more expensive, 4 bedrooms properties prices increased by 15%, 5 bedrooms properties prices increased by 34.5%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes have not changed, volume of 3 bedrooms homes went up by 3.6%, volume of 4 bedrooms homes went down by 13.9%, volume of 5 bedrooms homes stayed the same. While more than 1 listings in 78729, TX in October 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 16 were sold below.