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 2021

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

$515,000

$305/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$54,583(+11.9%)

Key Takeaway

Homes in 78748 have sold for 11.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $361K$395K
+9.4%
3 $450K$500K
+11.1%
4 $534.5K$585.6K
+9.6%
5+ $611.2K$700K
+14.5%

Median Sold Price Compared To Nearby Zip Codes

78745
+15.8%
78739
+15.7%
78652
+14.3%
78748
+11.9%
78749
+11.3%

How many homes are available in 78748, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
221214-3.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 711
+57.1%
3 143136
-4.9%
4 6261
-1.6%
5+ 96
-33.3%

Number of Homes Sold

Oct 2022Nov 2022%
3942+7.7%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78748, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
16 Days46 Days+177.0%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78748 has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 78748, TX

78748, TX has 214 homes on the market. The number of homes for sale in 78748, TX decreased by 3.2% between October 2022 and November 2022. The median list price of listings available in November 2022 was $515,000, while the average time on the real estate market was 46 days. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 9.4%, the cost of 3 bedrooms properties went up by 11.1%, 4 bedrooms properties prices increased by 9.6%, 5 bedrooms properties became 14.5% more expensive. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory increased by 57.1%, volume of 3 bedrooms homes went down by 4.9%, 4 bedrooms homes inventory decreased by 1.6%, 5 bedrooms homes inventory decreased by 33.3%. 78748, TX housing market in November 2022 saw over 4 listings sold above listed price, more than 12 sold at listed price and over 26 sold below.