Is 78731, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78731 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78731 has remained a Seller's Market.

Key Takeaway

78731 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78731, TX cost?

Median Sold Price

$851,000

$395/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$66,000(+8.4%)

Key Takeaway

Homes in 78731 have sold for 8.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $178.7K$225K
+25.9%
2 $327.8K$366K
+11.7%
3 $740K$830K
+12.2%
4 $930K$1.2M
+33.7%
5+ $1.0M$1.5M
+42.2%

Median Sold Price Compared To Nearby Zip Codes

78759
+31.3%
78756
+28.1%
78757
+27.5%
78731
+8.4%

How many homes are available in 78731, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
7579+5.3%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 22
0.0%
2 1917
-10.5%
3 2423
-4.2%
4 2225
+13.6%
5+ 812
+50.0%

Number of Homes Sold

Sep 2021Oct 2021%
2522-12.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78731, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
20 Days19 Days-5.7%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78731 are selling fast, if you're buying plan to act quickly.

About 78731, TX

78731, TX has 79 homes on the market. The inventory of homes for sale in 78731, TX between September 2021 and October 2021 increased by 5.3%. The median list price of listings available in October 2021 was $851,000, while the average time on the real estate market was 19 days. Listing prices have changed in this real estate market between September 2021 and October 2021: 1 bedroom properties became 25.9% more expensive, the cost of 2 bedrooms properties went up by 11.7%, prices of 3 bedrooms properties increased by 12.2%, 4 bedrooms properties prices increased by 33.7%, prices of 5 bedrooms properties increased by 42.2%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes decreased by 10.5%, volume of 3 bedrooms homes went down by 4.2%, the quantity of 4 bedrooms homes went up by 13.6%, number of 5 bedrooms homes increased by 50%. In October 2021 more than 12 listings in 78731, TX were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 5 were sold below.