Is 78737, 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, 78737 was a Seller's Market.
Housing Prices in 78737, TX
How much do homes in 78737, TX cost?
Median Sold Price
$822,500
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78737 was $822,500 in March 2024, down 6.2% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $730K | $568K | -22.2% |
3 Bedrooms | $711.7K | $624K | -12.3% |
4 Bedrooms | $897K | $848.5K | -5.4% |
5+ Bedrooms | $1.1M | $945K | -14.4% |
Summary: 78737 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 14.4%.
Housing Supply in 78737, TX
How many homes are available in 78737, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
124 | 159 | +28.2% |
Summary: The 78737 real estate market had 159 homes for sale in March 2024, a 28.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 27 | 35 | +29.6% |
4 Bedrooms | 70 | 86 | +22.9% |
5+ Bedrooms | 25 | 37 | +48.0% |
Summary: The 78737 housing inventory by bedroom type for March 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 29.6%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes increased by 48%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 78737 in March 2024, up by 12.5% month-over-month. Of the 18 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for 78737, TX
How long does it take to sell a home in 78737, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
86 Days | 41 Days | -51.6% |
Summary: Homes in 78737 had an average of 41 days on market in Mar 2024, down by 51.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 78737; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.