Is 78730, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78730 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 78730 was a Seller's Market.

Key Takeaway

78730 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 78730, TX

How much do homes in 78730, TX cost?

Median Sold Price

$1,086,250

$354/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$111,250(+11.4%)

Key Takeaway

Homes in 78730 have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in 78730 was $1,086,250 in April 2024, up 11.4% from last year, and the median price per square foot was $354.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $285K$297K
+4.2%
2 $450K$348.2K
-22.6%
3 $900K$941.2K
+4.6%
4 $1.1M$1.3M
+16.9%
5+ $1.6M$1.6M
+1.8%

Summary: 78730 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes decreased by 22.6%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 1.8%.

Median Sold Price Compared To Nearby Zip Codes

78730
+11.4%
78732
-3.9%
78750
-5.3%
78731
-6.6%
78726
-13.8%

Housing Supply in 78730, TX

How many homes are available in 78730, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7695+25.0%

Summary: The 78730 real estate market had 95 homes for sale in April 2024, a 25.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 58
+60.0%
2 1117
+54.5%
3 1117
+54.5%
4 3233
+3.1%
5+ 1720
+17.6%

Summary: The 78730 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 54.5%, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 17.6%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
914+55.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78730, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in 78730 in April 2024, up by 55.6% month-over-month. Of the 14 sold homes, 43% were sold under asking, 7% were sold at asking, and 50% were sold over asking.

Days on Market for 78730, TX

How long does it take to sell a home in 78730, TX?

Average Sale Time

Apr 2023Apr 2024CHANGE
58 Days18 Days-67.9%

Summary: Homes in 78730 had an average of 18 days on market in Apr 2024, down by 67.9% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78730 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 14 homes were sold in 78730; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 3 Days Ago

Newest Listings in 78730, TX

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