Is 78735, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 78735 has remained a Seller's Market.
Housing Prices in 78735, TX
How much do homes in 78735, TX cost?
Median Sold Price
$877,500
$379/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 78735 was $877,500 in February 2024, down 4.6% from last year, and the median price per square foot was $379.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $496K | $473K | -4.6% |
3 Bedrooms | $800.9K | $753K | -6.0% |
4 Bedrooms | $1.0M | $925K | -14.4% |
5+ Bedrooms | $2.4M | $2.7M | +13.4% |
Summary: 78735 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.6%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 14.4%, and 5+ bedroom homes increased by 13.4%.
Housing Supply in 78735, TX
How many homes are available in 78735, TX?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
55 | 60 | +9.1% |
Summary: The 78735 real estate market had 60 homes for sale in February 2024, a 9.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 13 | 19 | +46.2% |
4 Bedrooms | 23 | 23 | 0.0% |
5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The 78735 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 46.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 78735 in February 2024, up by 30.0% month-over-month. Of the 13 sold homes, 77% were sold under asking, 15% were sold at asking, and 8% were sold over asking.
Days on Market for 78735, TX
How long does it take to sell a home in 78735, TX?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
55 Days | 60 Days | +9.0% |
Summary: Homes in 78735 had an average of 60 days on market in Feb 2024, up by 9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During February 2024, 13 homes were sold in 78735; 46% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.