Is 78748, 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, 78748 has remained a Seller's Market.
Housing Prices in 78748, TX
How much do homes in 78748, TX cost?
Median Sold Price
$455,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78748 was $455,000 in March 2024, down 10.2% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $391K | $367K | -6.1% |
3 Bedrooms | $498.3K | $435.1K | -12.7% |
4 Bedrooms | $576.5K | $575K | -0.3% |
5+ Bedrooms | $702.5K | $662.5K | -5.7% |
Summary: 78748 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 6.1%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 5.7%.
Housing Supply in 78748, TX
How many homes are available in 78748, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
146 | 165 | +13.0% |
Summary: The 78748 real estate market had 165 homes for sale in March 2024, a 13.0% 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 | 10 | 7 | -30.0% |
3 Bedrooms | 97 | 113 | +16.5% |
4 Bedrooms | 32 | 40 | +25.0% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 78748 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 decreased by 30%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 37 | -26.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 78748 in March 2024, down by 26.0% month-over-month. Of the 37 sold homes, 62% were sold under asking, 22% were sold at asking, and 16% were sold over asking.
Days on Market for 78748, TX
How long does it take to sell a home in 78748, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 57 Days | -5.8% |
Summary: Homes in 78748 had an average of 57 days on market in Mar 2024, down by 5.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in 78748; 46% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.