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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78730 is a buyer's market

Buyer's
Market

Difference Since June 2023

At the same time last year, 78730 was a Neutral Market.

Key Takeaway

78730 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78730, TX

How much do homes in 78730, TX cost?

Median Sold Price

$1,150,000

$349/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$164,000(+16.6%)

Key Takeaway

Homes in 78730 have sold for 16.6% more than they did a year ago.

Summary: The median home sold price in 78730 was $1,150,000 in June 2024, up 16.6% from last year, and the median price per square foot was $349.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $292.5K$294K
0.5%
2 $416K$357K
-14.2%
3 $910K$891.2K
-2.1%
4 $1.2M$1.3M
+9.0%
5+ $1.6M$1.6M
+1.8%

Summary: 78730 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes decreased by 14.2%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 1.8%.

Median Sold Price Compared To Nearby Zip Codes

78730
+16.6%
78732
+7.7%
78750
-2.8%
78731
-5.1%
78726
-8.4%

Housing Supply in 78730, TX

How many homes are available in 78730, TX?

Number of Homes For Sale

May 2024Jun 2024CHANGE
92920.0%

Summary: The 78730 real estate market had 92 homes for sale in June 2024, the same as May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 810
+25.0%
2 1816
-11.1%
3 1819
+5.6%
4 3027
-10.0%
5+ 1820
+11.1%

Summary: The 78730 housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

May 2024Jun 2024CHANGE
158-46.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78730, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 78730 in June 2024, down by 46.7% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% 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

Jun 2023Jun 2024CHANGE
31 Days58 Days+82.6%

Summary: Homes in 78730 had an average of 58 days on market in Jun 2024, up by 82.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 June 2024, 8 homes were sold in 78730; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 26 Days Ago

Newest Listings in 78730, TX

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