Is 78751, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 78751 was a Seller's Market.
Housing Prices in 78751, TX
How much do homes in 78751, TX cost?
Median Sold Price
$637,600
$501/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78751 was $637,600 in March 2024, down 8.9% from last year, and the median price per square foot was $501.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $232.5K | -12.3% |
2 Bedrooms | $550K | $587K | +6.7% |
3 Bedrooms | $765K | $774.4K | +1.2% |
4 Bedrooms | $1.1M | $972.5K | -17.2% |
5+ Bedrooms | $985.7K | $1.4M | +50.6% |
Summary: 78751 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.3%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes increased by 50.6%.
Housing Supply in 78751, TX
How many homes are available in 78751, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 56 | +19.1% |
Summary: The 78751 real estate market had 56 homes for sale in March 2024, a 19.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 18 | 23 | +27.8% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 78751 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 78751 in March 2024, up by 14.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 78751, TX
How long does it take to sell a home in 78751, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
90 Days | 30 Days | -66.1% |
Summary: Homes in 78751 had an average of 30 days on market in Mar 2024, down by 66.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 78751; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.