Is 78745, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 78745 has remained a Seller's Market.
Housing Prices in 78745, TX
How much do homes in 78745, TX cost?
Median Sold Price
$497,000
$348/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 78745 was $497,000 in April 2024, down 9.2% from last year, and the median price per square foot was $348.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $295K | -15.7% |
2 Bedrooms | $420.9K | $415K | -1.4% |
3 Bedrooms | $555.9K | $489.9K | -11.9% |
4 Bedrooms | $650K | $613K | -5.7% |
5+ Bedrooms | $1.3M | $1.3M | +0.8% |
Summary: 78745 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.7%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 0.8%.
Housing Supply in 78745, TX
How many homes are available in 78745, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
271 | 323 | +19.2% |
Summary: The 78745 real estate market had 323 homes for sale in April 2024, a 19.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 18 | +5.9% |
2 Bedrooms | 44 | 52 | +18.2% |
3 Bedrooms | 144 | 172 | +19.4% |
4 Bedrooms | 56 | 75 | +33.9% |
5+ Bedrooms | 10 | 6 | -40.0% |
Summary: The 78745 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 33.9%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 56 | 0.0% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in 78745 in April 2024, the same as the previous month. Of the 55 sold homes, 60% were sold under asking, 16% were sold at asking, and 24% were sold over asking.
Days on Market for 78745, TX
How long does it take to sell a home in 78745, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 48 Days | +67.8% |
Summary: Homes in 78745 had an average of 48 days on market in Apr 2024, up by 67.8% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 56 homes were sold in 78745; 63% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.