Is 78748, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78748 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 78748 has remained a Seller's Market.

Key Takeaway

78748 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78748, TX cost?

Median Sold Price

$460,500

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$125,500(+37.5%)

Key Takeaway

Homes in 78748 have sold for 37.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $329K-
N/A
2 $270K$360.5K
+33.5%
3 $325.4K$450K
+38.3%
4 $391.7K$535K
+36.6%
5+ $480K$615.5K
+28.2%

Median Sold Price Compared To Nearby Zip Codes

78739
+44.2%
78748
+37.5%
78749
+36.3%
78652
+32.5%
78745
+32.4%

How many homes are available in 78748, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
220189-14.1%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 2211
-50.0%
3 140123
-12.1%
4 4544
-2.2%
5+ 1311
-15.4%

Number of Homes Sold

Oct 2021Nov 2021%
7371-2.7%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

33 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78748, you could pay more than the asking price. 46.5% of homes here sold above asking price last month.

Average Sale Time

Nov 2020Nov 2021%
9 Days17 Days+89.0%

Breakdown of Home Sale Times

59 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78748 are selling fast, if you're buying plan to act quickly.

About 78748, TX

Homes for sale in 78748, TX have reached 189. The number of homes for sale in 78748, TX decreased by 14.1% between October 2021 and November 2021. The median list price of listings available in November 2021 was $460,500, while the average time on the real estate market was 17 days. Real estate listing prices changed between October 2021 and November 2021: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 33.5%, prices of 3 bedrooms properties went up by 38.3%, prices of 4 bedrooms properties went up by 36.6%, prices of 5 bedrooms properties went up by 28.2%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, 2 bedrooms homes became 50% less available, number of 3 bedrooms homes decreased by 12.1%, 4 bedrooms homes inventory decreased by 2.2%, volume of 5 bedrooms homes went down by 15.4%. In November 2021, from all listings sold in 78748, TX there were more than 33 sold above asking price, over 22 sold below and more than 16 were sold right at the asked price.