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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78751 is a buyer's market

Buyer's
Market

Difference Since December 2021

At the same time last year, 78751 was a Seller's Market.

Key Takeaway

78751 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78751, TX cost?

Median Sold Price

$690,000

$499/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$92,500(+15.5%)

Key Takeaway

Homes in 78751 have sold for 15.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $215K$245K
+14.0%
2 $545K$550K
+0.9%
3 $737.5K$740K
0.3%
4 $950K$1.2M
+26.3%
5+ $893.5K$1.0M
+15.3%

Median Sold Price Compared To Nearby Zip Codes

78756
+16.9%
78751
+15.5%
78722
+10.8%
78752
+4.2%
78705
+3.4%

How many homes are available in 78751, TX?

Number of Homes For Sale

Nov 2022Dec 2022%
29290.0%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 22
0.0%
2 119
-18.2%
3 89
+12.5%
4 67
+16.7%
5+ 22
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
54-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 75% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
21 Days82 Days+280.8%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78751 has remained consistent over time.

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

About 78751, TX

Number of homes for sale in 78751, TX real estate market have reached 29. The median list price of listings available in December 2022 was $690,000, while the average time on the real estate market was 82 days. Real estate listing prices changed between November 2022 and December 2022: 1 bedroom properties prices increased by 14%, prices of 2 bedrooms properties went up by 0.9%, 3 bedrooms properties became 0.3% more expensive, prices of 4 bedrooms properties increased by 26.3%, prices of 5 bedrooms properties went up by 15.3%. 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 18.2% less available, volume of 3 bedrooms homes went up by 12.5%, number of 4 bedrooms homes increased by 16.7%, volume of 5 bedrooms homes stayed the same. 78751, TX housing market in December 2022 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 3 sold below.