Is 78747, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78747 is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, 78747 was a Seller's Market.

Key Takeaway

78747 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78747, TX cost?

Median Sold Price

$470,000

$251/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$50,000(+11.9%)

Key Takeaway

Homes in 78747 have sold for 11.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $392.4K-
N/A
2 $355K$395K
+11.3%
3 $410K$449.7K
+9.7%
4 $440K$499.9K
+13.6%
5+ $575K$525K
-8.7%

Median Sold Price Compared To Nearby Zip Codes

78744
+20.2%
78652
+14.3%
78748
+13.4%
78747
+11.9%

How many homes are available in 78747, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
88101+14.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 99
0.0%
3 4655
+19.6%
4 2932
+10.3%
5+ 45
+25.0%

Number of Homes Sold

Sep 2022Oct 2022%
1813-27.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78747, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
21 Days62 Days+192.3%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78747 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 78747, TX

Homes for sale in 78747, TX have reached 101. The number of listings in 78747, TX increased by 14.8% between September 2022 and October 2022. In October 2022 median list price was $470,000 and the average listing age was 62 days. This housing market listing prices have changed between September 2022 and October 2022: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 11.3% more expensive, the cost of 3 bedrooms properties went up by 9.7%, 4 bedrooms properties became 13.6% more expensive, prices of 5 bedrooms properties went down by 8.7%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes stayed the same, the quantity of 3 bedrooms homes went up by 19.6%, 4 bedrooms homes inventory increased by 10.3%, volume of 5 bedrooms homes went up by 25%. 78747, TX housing market in October 2022 saw over 3 listings sold above listed price, more than 2 sold at listed price and over 8 sold below.