Is 78738, 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, 78738 was a Seller's Market.
Housing Prices in 78738, TX
How much do homes in 78738, TX cost?
Median Sold Price
$948,500
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78738 was $948,500 in March 2024, down 5.1% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $329K | -6.0% |
2 Bedrooms | $630K | $590K | -6.3% |
3 Bedrooms | $800K | $714.9K | -10.6% |
4 Bedrooms | $1.1M | $1.0M | -11.1% |
5+ Bedrooms | $1.3M | $1.5M | +14.5% |
Summary: 78738 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 14.5%.
Housing Supply in 78738, TX
How many homes are available in 78738, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
135 | 165 | +22.2% |
Summary: The 78738 real estate market had 165 homes for sale in March 2024, a 22.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 31 | 36 | +16.1% |
4 Bedrooms | 58 | 75 | +29.3% |
5+ Bedrooms | 34 | 42 | +23.5% |
Summary: The 78738 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 remained the same, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 29.3%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 23 | +53.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 78738 in March 2024, up by 53.3% month-over-month. Of the 23 sold homes, 83% were sold under asking, 9% were sold at asking, and 9% were sold over asking.
Days on Market for 78738, TX
How long does it take to sell a home in 78738, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 77 Days | +8.3% |
Summary: Homes in 78738 had an average of 77 days on market in Mar 2024, up by 8.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 78738; 35% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.