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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78731 is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 78731 was a Seller's Market.

Key Takeaway

78731 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78731, TX cost?

Median Sold Price

$1,090,800

$472/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$188,550(+20.9%)

Key Takeaway

Homes in 78731 have sold for 20.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $225K$271K
+20.4%
2 $366K$454.2K
+24.1%
3 $840.3K$975K
+16.0%
4 $1.2M$1.4M
+17.6%
5+ $1.5M$1.8M
+17.6%

Median Sold Price Compared To Nearby Zip Codes

78731
+20.9%
78756
+20.6%
78757
+15.2%
78759
+13.3%

How many homes are available in 78731, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
110104-5.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 33
0.0%
2 1715
-11.8%
3 2925
-13.8%
4 4447
+6.8%
5+ 1714
-17.6%

Number of Homes Sold

Oct 2022Nov 2022%
2614-46.2%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78731, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
10 Days47 Days+341.2%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78731 has remained consistent over time.

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

About 78731, TX

Number of homes for sale in 78731, TX real estate market have reached 104. The number of listings in 78731, TX decreased by 5.5% between October 2022 and November 2022. While the average time on the market in November 2022 was 47 days, the median list price was $1,090,800. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 20.4%, prices of 2 bedrooms properties went up by 24.1%, prices of 3 bedrooms properties went up by 16%, prices of 4 bedrooms properties increased by 17.6%, the cost of 5 bedrooms properties went up by 17.6%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went down by 11.8%, 3 bedrooms homes became 13.8% less available, volume of 4 bedrooms homes went up by 6.8%, the quantity of 5 bedrooms homes went down by 17.6%. Over 3 listings were sold over their listed price in November 2022 in 78731, TX. In the same period over 10 listings were sold below the listed price and 1 listings were sold for the listed price.