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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78741 is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 78741 was a Seller's Market.

Key Takeaway

78741 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78741, TX cost?

Median Sold Price

$477,000

$375/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$87,000(+22.3%)

Key Takeaway

Homes in 78741 have sold for 22.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $174.7K$235K
+34.5%
2 $299K$383K
+28.1%
3 $485K$600K
+23.7%
4 $505K$675K
+33.7%
5+ $550K$902.5K
+64.1%

Median Sold Price Compared To Nearby Zip Codes

78741
+22.3%
78744
+17.5%
78704
+17.1%
78702
+15.1%

How many homes are available in 78741, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
9092+2.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 89
+12.5%
2 2322
-4.3%
3 4948
-2.0%
4 912
+33.3%
5+ 11
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
1610-37.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78741, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
21 Days30 Days+43.9%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 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.

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

About 78741, TX

78741, TX has 92 homes on the market. In November 2022 in 78741, TX there were 2.2% more homes for sale than in October 2022. In November 2022, listings were on the market for 30 days. During the same period, the median list price in this real estate market was $477,000. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties prices increased by 34.5%, the cost of 2 bedrooms properties went up by 28.1%, prices of 3 bedrooms properties went up by 23.7%, prices of 4 bedrooms properties increased by 33.7%, prices of 5 bedrooms properties increased by 64.1%. Volume of homes for sale changed: 1 bedroom homes inventory increased by 12.5%, number of 2 bedrooms homes decreased by 4.3%, volume of 3 bedrooms homes went down by 2%, 4 bedrooms homes became 33.3% more available, 5 bedrooms homes inventory did not change. In November 2022, from all listings sold in 78741, TX there were more than 1 sold above asking price, over 8 sold below and more than 1 were sold right at the asked price.