Is 78731, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$997,250
$425/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in 78731 was $997,250 in June 2024, down 5.1% from last year, and the median price per square foot was $425.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $271K | $275K | +1.5% |
2 Bedrooms | $400K | $424K | +6.0% |
3 Bedrooms | $930K | $950K | +2.2% |
4 Bedrooms | $1.3M | $1.2M | -12.5% |
5+ Bedrooms | $1.7M | $1.6M | -4.2% |
Summary: 78731 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 4.2%.
Housing Supply in 78731, TX
How many homes are available in 78731, TX?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
203 | 202 | -0.5% |
Summary: The 78731 real estate market had 202 homes for sale in June 2024, a 0.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 14 | +55.6% |
2 Bedrooms | 37 | 39 | +5.4% |
3 Bedrooms | 54 | 51 | -5.6% |
4 Bedrooms | 72 | 66 | -8.3% |
5+ Bedrooms | 31 | 32 | +3.2% |
Summary: The 78731 housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 55.6%, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
39 | 34 | -12.8% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in 78731 in June 2024, down by 12.8% month-over-month. Of the 34 sold homes, 74% were sold under asking, 6% were sold at asking, and 21% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
39 Days | 47 Days | +18.4% |
Summary: Homes in 78731 had an average of 47 days on market in Jun 2024, up by 18.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 34 homes were sold in 78731; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.