Is 78741, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78741 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 78741 has remained a Seller's Market.

Key Takeaway

78741 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78741, TX cost?

Median Sold Price

$390,000

$312/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$49,833(+14.6%)

Key Takeaway

Homes in 78741 have sold for 14.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $143.3K$172K
+20.0%
2 $275K$320K
+16.4%
3 $405K$485K
+19.8%
4 $407.7K$500K
+22.6%
5+ $585K$550K
-6.0%

Median Sold Price Compared To Nearby Zip Codes

78702
+29.0%
78704
+18.6%
78741
+14.6%
78701
+12.1%

How many homes are available in 78741, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
7973-7.6%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 1010
0.0%
2 1820
+11.1%
3 4235
-16.7%
4 56
+20.0%
5+ 42
-50.0%

Number of Homes Sold

Oct 2021Nov 2021%
2024+20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78741, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Nov 2020Nov 2021%
21 Days21 Days-1.6%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78741 are selling fast, if you're buying plan to act quickly.

About 78741, TX

78741, TX has 73 homes for sale to choose from. The inventory of homes for sale in 78741, TX between October 2021 and November 2021 decreased by 7.6%. The median list price of listings available in November 2021 was $390,000, while the average time on the real estate market was 21 days. Listing prices have changed in this real estate market between October 2021 and November 2021: prices of 1 bedroom properties went up by 20%, prices of 2 bedrooms properties went up by 16.4%, prices of 3 bedrooms properties increased by 19.8%, 4 bedrooms properties prices increased by 22.6%, prices of 5 bedrooms properties decreased by 6%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, number of 2 bedrooms homes increased by 11.1%, volume of 3 bedrooms homes went down by 16.7%, the quantity of 4 bedrooms homes went up by 20%, 5 bedrooms homes inventory decreased by 50%. 78741, TX housing market in November 2021 saw over 16 listings sold above listed price, more than 5 sold at listed price and over 3 sold below.