Is 78734, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 78734 was a Seller's Market.
Housing Prices in 78734, TX
How much do homes in 78734, TX cost?
Median Sold Price
$673,750
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78734 was $673,750 in March 2024, down 9.6% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $262.5K | $250K | -4.8% |
2 Bedrooms | $495.1K | $410K | -17.2% |
3 Bedrooms | $630K | $591.8K | -6.1% |
4 Bedrooms | $868.6K | $885K | +1.9% |
5+ Bedrooms | $1.5M | $1.4M | -0.1% |
Summary: 78734 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 17.2%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 0.1%.
Housing Supply in 78734, TX
How many homes are available in 78734, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
215 | 289 | +34.4% |
Summary: The 78734 real estate market had 289 homes for sale in March 2024, a 34.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 9 | +50.0% |
2 Bedrooms | 19 | 24 | +26.3% |
3 Bedrooms | 86 | 117 | +36.0% |
4 Bedrooms | 72 | 101 | +40.3% |
5+ Bedrooms | 32 | 38 | +18.8% |
Summary: The 78734 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 36%, 4 bedroom homes increased by 40.3%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 25 | +4.2% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 78734 in March 2024, up by 4.2% month-over-month. Of the 25 sold homes, 76% were sold under asking, 12% were sold at asking, and 12% were sold over asking.
Days on Market for 78734, TX
How long does it take to sell a home in 78734, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
76 Days | 77 Days | +0.9% |
Summary: Homes in 78734 had an average of 77 days on market in Mar 2024, up by 0.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in 78734; 56% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.