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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78735 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78735 has remained a Seller's Market.

Key Takeaway

78735 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78735, TX cost?

Median Sold Price

$835,000

$333/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$181,333(+27.7%)

Key Takeaway

Homes in 78735 have sold for 27.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 --
N/A
2 $302.5K$472.5K
+56.2%
3 $513.8K$622K
+21.1%
4 $842K$1.2M
+42.5%
5+ $1.2M$2.0M
+57.2%

Median Sold Price Compared To Nearby Zip Codes

78733
+41.6%
78749
+36.7%
78736
+33.3%
78735
+27.7%
78746
+26.8%

How many homes are available in 78735, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
4640-13.0%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 64
-33.3%
3 1413
-7.1%
4 1113
+18.2%
5+ 1510
-33.3%

Number of Homes Sold

Sep 2021Oct 2021%
2110-52.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78735, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
37 Days16 Days-55.8%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

About 78735, TX

There are 40 homes are for sale in 78735, TX real estate market. The inventory of homes for sale in 78735, TX between September 2021 and October 2021 decreased by 13%. Listings spent 16 days on the market in October 2021, and had a median list price of $835,000 during the same period. This housing market listing prices have changed between September 2021 and October 2021: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 56.2%, prices of 3 bedrooms properties went up by 21.1%, prices of 4 bedrooms properties went up by 42.5%, 5 bedrooms properties became 57.2% more expensive. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 33.3% less available, 3 bedrooms homes inventory decreased by 7.1%, number of 4 bedrooms homes increased by 18.2%, 5 bedrooms homes became 33.3% less available. While more than 6 listings in 78735, TX in October 2021 were sold above asking price, there were more than 0 listings sold at asking price, and more than 4 were sold below.