Is 78751, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78751 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 78751 has remained a Seller's Market.

Key Takeaway

78751 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78751, TX cost?

Median Sold Price

$605,000

$480/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$100,000(+19.8%)

Key Takeaway

Homes in 78751 have sold for 19.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $170K$215K
+26.5%
2 $424.5K$551K
+29.8%
3 $542.7K$750K
+38.2%
4 $765K$944.5K
+23.5%
5+ $799.9K$900K
+12.5%

Median Sold Price Compared To Nearby Zip Codes

78722
+32.6%
78756
+31.3%
78752
+23.3%
78751
+19.8%
78705
+11.8%

How many homes are available in 78751, TX?

Number of Homes For Sale

Nov 2021Dec 2021%
3520-42.9%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 74
-42.9%
2 219
-57.1%
3 53
-40.0%
4 23
+50.0%
5+ 01
+100.0%

Number of Homes Sold

Nov 2021Dec 2021%
189-50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78751, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
29 Days18 Days-35.4%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78751 are selling fast, if you're buying plan to act quickly.

About 78751, TX

Homes for sale in 78751, TX have reached 20. The inventory of homes for sale in 78751, TX between November 2021 and December 2021 decreased by 42.9%. While the average time on the market in December 2021 was 18 days, the median list price was $605,000. Real estate listing prices changed between November 2021 and December 2021: prices of 1 bedroom properties went up by 26.5%, prices of 2 bedrooms properties increased by 29.8%, 3 bedrooms properties became 38.2% more expensive, 4 bedrooms properties became 23.5% more expensive, 5 bedrooms properties prices increased by 12.5%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went down by 42.9%, the quantity of 2 bedrooms homes went down by 57.1%, 3 bedrooms homes inventory decreased by 40%, 4 bedrooms homes inventory increased by 50%, 5 bedrooms homes inventory increased by 100%. While more than 4 listings in 78751, TX in December 2021 were sold above asking price, there were more than 1 listings sold at asking price, and more than 4 were sold below.