Is 78731, 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, 78731 has remained a Seller's Market.
Housing Prices in 78731, TX
How much do homes in 78731, TX cost?
Median Sold Price
$1,010,000
$431/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78731 was $1,010,000 in March 2024, down 5.8% from last year, and the median price per square foot was $431.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $275K | 0.0% |
2 Bedrooms | $469K | $423K | -9.8% |
3 Bedrooms | $948.5K | $957.5K | +0.9% |
4 Bedrooms | $1.3M | $1.2M | -8.9% |
5+ Bedrooms | $1.4M | $2.0M | +43.3% |
Summary: 78731 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 9.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes increased by 43.3%.
Housing Supply in 78731, TX
How many homes are available in 78731, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
122 | 152 | +24.6% |
Summary: The 78731 real estate market had 152 homes for sale in March 2024, a 24.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 19 | 24 | +26.3% |
3 Bedrooms | 37 | 44 | +18.9% |
4 Bedrooms | 47 | 57 | +21.3% |
5+ Bedrooms | 16 | 25 | +56.3% |
Summary: The 78731 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes increased by 56.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 32 | +68.4% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 78731 in March 2024, up by 68.4% month-over-month. Of the 32 sold homes, 78% were sold under asking, 16% were sold at asking, and 6% were sold over asking.
Days on Market for 78731, TX
How long does it take to sell a home in 78731, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 31 Days | -16.7% |
Summary: Homes in 78731 had an average of 31 days on market in Mar 2024, down by 16.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in 78731; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.