Is 78747, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 78747 has remained a Seller's Market.
Housing Prices in 78747, TX
How much do homes in 78747, TX cost?
Median Sold Price
$429,999
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78747 was $429,999 in March 2024, down 9.5% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $390K | $376.5K | -3.5% |
3 Bedrooms | $450K | $414K | -8.0% |
4 Bedrooms | $499.9K | $445K | -11.0% |
5+ Bedrooms | $545K | $518.5K | -4.9% |
Summary: 78747 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes decreased by 4.9%.
Housing Supply in 78747, TX
How many homes are available in 78747, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
120 | 138 | +15.0% |
Summary: The 78747 real estate market had 138 homes for sale in March 2024, a 15.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 5 | +400.0% |
3 Bedrooms | 68 | 73 | +7.4% |
4 Bedrooms | 49 | 57 | +16.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 78747 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 400%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 25 | +8.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 78747 in March 2024, up by 8.7% month-over-month. Of the 25 sold homes, 72% were sold under asking, 28% were sold at asking, and 0% were sold over asking.
Days on Market for 78747, TX
How long does it take to sell a home in 78747, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
69 Days | 65 Days | -6.6% |
Summary: Homes in 78747 had an average of 65 days on market in Mar 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in 78747; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.