Is 78753, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78753 is a buyer's market

Buyer's
Market

Difference Since January 2023

At the same time last year, 78753 was a Seller's Market.

Key Takeaway

78753 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78753, TX

How much do homes in 78753, TX cost?

Median Sold Price

$384,000

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$80,966(-17.4%)

Key Takeaway

Homes in 78753 have sold for 17.4% less than they did a year ago.

Summary: The median home sold price in 78753 was $384,000 in January 2024, down 17.4% from last year, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $315K$200K
-36.5%
2 $365K$265K
-27.4%
3 $460K$380K
-17.4%
4 $550K$455K
-17.3%
5+ $597.5K$460K
-23.0%

Summary: 78753 housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.5%, 2 bedroom homes decreased by 27.4%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes decreased by 17.3%, and 5+ bedroom homes decreased by 23%.

Median Sold Price Compared To Nearby Zip Codes

78752
-1.0%
78754
-12.1%
78727
-13.0%
78758
-15.0%
78753
-17.4%

Housing Supply in 78753, TX

How many homes are available in 78753, TX?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
6968-1.4%

Summary: The 78753 real estate market had 68 homes for sale in January 2024, a 1.4% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 12
+100.0%
2 108
-20.0%
3 3631
-13.9%
4 1723
+35.3%
5+ 54
-20.0%

Summary: The 78753 housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
167-56.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78753, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 78753 in January 2024, down by 56.3% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.

Days on Market for 78753, TX

How long does it take to sell a home in 78753, TX?

Average Sale Time

Jan 2023Jan 2024CHANGE
33 Days66 Days+97.3%

Summary: Homes in 78753 had an average of 66 days on market in Jan 2024, up by 97.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78753 has remained consistent over time.

Summary: During January 2024, 7 homes were sold in 78753; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

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

Report Updated 23 Days Ago

Newest Listings in 78753, TX

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