Is 78739, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78739 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 78739 has remained a Seller's Market.

Key Takeaway

78739 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78739, TX

How much do homes in 78739, TX cost?

Median Sold Price

$827,500

$299/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$87,500(-9.6%)

Key Takeaway

Homes in 78739 have sold for 9.6% less than they did a year ago.

Summary: The median home sold price in 78739 was $827,500 in February 2024, down 9.6% from last year, and the median price per square foot was $299.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 -$435K
N/A
3 $700K$686.3K
-2.0%
4 $927.5K$859.5K
-7.3%
5+ $1.1M$989.5K
-14.7%

Summary: 78739 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 did not change, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 14.7%.

Median Sold Price Compared To Nearby Zip Codes

78739
-9.6%
78749
-9.8%
78737
-11.0%
78748
-11.6%
78652
-14.4%

Housing Supply in 78739, TX

How many homes are available in 78739, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4565+44.4%

Summary: The 78739 real estate market had 65 homes for sale in February 2024, a 44.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 815
+87.5%
4 2735
+29.6%
5+ 1015
+50.0%

Summary: The 78739 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 remained the same, 3 bedroom homes increased by 87.5%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
712+71.4%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78739, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 78739 in February 2024, up by 71.4% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.

Days on Market for 78739, TX

How long does it take to sell a home in 78739, TX?

Average Sale Time

Feb 2023Feb 2024CHANGE
64 Days72 Days+12.4%

Summary: Homes in 78739 had an average of 72 days on market in Feb 2024, up by 12.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78739 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 12 homes were sold in 78739; 42% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

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

Report Updated 2 Days Ago

Newest Listings in 78739, TX

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