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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78747 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78747 has remained a Seller's Market.

Key Takeaway

78747 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78747, TX cost?

Median Sold Price

$418,750

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$127,611(+43.8%)

Key Takeaway

Homes in 78747 have sold for 43.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 -$392.4K
N/A
2 $249.9K$350K
+40.0%
3 $281K$407.5K
+45.0%
4 $308.5K$439.2K
+42.4%
5+ $341K$575K
+68.6%

Median Sold Price Compared To Nearby Zip Codes

78747
+43.8%
78748
+37.4%
78652
+33.2%
78744
+32.5%

How many homes are available in 78747, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
122119-2.5%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 138
-38.5%
3 6059
-1.7%
4 4042
+5.0%
5+ 910
+11.1%

Number of Homes Sold

Sep 2021Oct 2021%
3628-22.2%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

10 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. 39.3% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
10 Days23 Days+122.9%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 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.

About 78747, TX

Number of homes for sale in 78747, TX real estate market have reached 119. Between September 2021 and October 2021, 78747, TX real estate market has seen decrease in the number of listings by 2.5%. In October 2021, listings were on the market for 23 days. During the same period, the median list price in this real estate market was $418,750. Between September 2021 and October 2021, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 40%, prices of 3 bedrooms properties increased by 45%, prices of 4 bedrooms properties went up by 42.4%, prices of 5 bedrooms properties increased by 68.6%. This housing market inventory have changed: number of 1 bedroom homes remained the same, 2 bedrooms homes became 38.5% less available, 3 bedrooms homes became 1.7% less available, the quantity of 4 bedrooms homes went up by 5%, the quantity of 5 bedrooms homes went up by 11.1%. In October 2021 more than 10 listings in 78747, TX were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 11 were sold below.