Is 78733, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78733 is a buyer's market

Buyer's
Market

Difference Since June 2023

At the same time last year, 78733 was a Seller's Market.

Key Takeaway

78733 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78733, TX

How much do homes in 78733, TX cost?

Median Sold Price

$1,214,600

$428/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$110,400(-8.3%)

Key Takeaway

Homes in 78733 have sold for 8.3% less than they did a year ago.

Summary: The median home sold price in 78733 was $1,214,600 in June 2024, down 8.3% from last year, and the median price per square foot was $428.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 -$495K
N/A
2 $551.5K$515K
-6.6%
3 $816K$750K
-8.1%
4 $1.4M$1.2M
-12.2%
5+ $2.1M$1.8M
-13.3%

Summary: 78733 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes decreased by 13.3%.

Median Sold Price Compared To Nearby Zip Codes

78730
+16.6%
78732
+7.7%
78735
+5.6%
78746
-2.0%
78733
-8.3%

Housing Supply in 78733, TX

How many homes are available in 78733, TX?

Number of Homes For Sale

May 2024Jun 2024CHANGE
7486+16.2%

Summary: The 78733 real estate market had 86 homes for sale in June 2024, a 16.2% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 55
0.0%
3 2127
+28.6%
4 2023
+15.0%
5+ 2831
+10.7%

Summary: The 78733 housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 10.7%.

Number of Homes Sold

May 2024Jun 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78733, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 78733 in June 2024, up by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for 78733, TX

How long does it take to sell a home in 78733, TX?

Average Sale Time

Jun 2023Jun 2024CHANGE
17 Days53 Days+202.3%

Summary: Homes in 78733 had an average of 53 days on market in Jun 2024, up by 202.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78733 has remained consistent over time.

Summary: During June 2024, 8 homes were sold in 78733; 38% of homes were sold within 30 days, 50% 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 78733, TX

Nearby Markets to 78733, TX