Is 78744, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78744 is a neutral's market

Buyer's
Market

Difference Since April 2023

Since last year, 78744 has remained a Neutral Market.

Key Takeaway

78744 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 78744, TX

How much do homes in 78744, TX cost?

Median Sold Price

$418,693

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$27,269(-6.1%)

Key Takeaway

Homes in 78744 have sold for 6.1% less than they did a year ago.

Summary: The median home sold price in 78744 was $418,693 in April 2024, down 6.1% from last year, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $355K$349.9K
-1.4%
3 $430K$399.2K
-7.2%
4 $500K$487.8K
-2.4%
5+ $765.3K$531.5K
-30.5%

Summary: 78744 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 30.5%.

Median Sold Price Compared To Nearby Zip Codes

78704
+2.5%
78744
-6.1%
78747
-6.5%
78745
-9.2%
78741
-16.9%

Housing Supply in 78744, TX

How many homes are available in 78744, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
174179+2.9%

Summary: The 78744 real estate market had 179 homes for sale in April 2024, a 2.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 1211
-8.3%
3 9794
-3.1%
4 5461
+13.0%
5+ 1012
+20.0%

Summary: The 78744 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3926-33.3%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78744, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 78744 in April 2024, down by 33.3% month-over-month. Of the 26 sold homes, 58% were sold under asking, 27% were sold at asking, and 15% were sold over asking.

Days on Market for 78744, TX

How long does it take to sell a home in 78744, TX?

Average Sale Time

Apr 2023Apr 2024CHANGE
52 Days74 Days+42.8%

Summary: Homes in 78744 had an average of 74 days on market in Apr 2024, up by 42.8% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78744 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 26 homes were sold in 78744; 42% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 31% 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 19 Days Ago

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