Is 78735, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78735 is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 78735 was a Seller's Market.

Key Takeaway

78735 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 78735, TX cost?

Median Sold Price

$955,000

$404/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$125,000(+15.1%)

Key Takeaway

Homes in 78735 have sold for 15.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $501K$430K
-14.2%
3 $622K$835K
+34.2%
4 $1.1M$1.1M
+0.7%
5+ $1.9M$2.6M
+37.1%

Median Sold Price Compared To Nearby Zip Codes

78735
+15.1%
78733
+12.8%
78746
+11.3%
78749
+11.3%
78736
+5.9%

How many homes are available in 78735, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
6559-9.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 64
-33.3%
3 2222
0.0%
4 2524
-4.0%
5+ 129
-25.0%

Number of Homes Sold

Oct 2022Nov 2022%
169-43.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78735, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
23 Days24 Days+2.2%

Breakdown of Home Sale Times

7 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 78735 are selling fast, if you're buying plan to act quickly.

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

About 78735, TX

78735, TX has 59 homes for sale to choose from. The number of homes for sale in 78735, TX decreased by 9.2% between October 2022 and November 2022. In November 2022 median list price was $955,000 and the average listing age was 24 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 14.2%, 3 bedrooms properties became 34.2% more expensive, 4 bedrooms properties became 0.7% more expensive, 5 bedrooms properties became 37.1% more expensive. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 33.3% less available, 3 bedrooms homes did not move, 4 bedrooms homes became 4% less available, 5 bedrooms homes inventory decreased by 25%. In November 2022, from all listings sold in 78735, TX there were more than 4 sold above asking price, over 5 sold below and more than 0 were sold right at the asked price.