Is 78754, 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, 78754 has remained a Seller's Market.
Housing Prices in 78754, TX
How much do homes in 78754, TX cost?
Median Sold Price
$414,333
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78754 was $414,333 in March 2024, down 9.1% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $485K | $360K | -25.8% |
3 Bedrooms | $418K | $389.6K | -6.8% |
4 Bedrooms | $487.1K | $441.4K | -9.4% |
5+ Bedrooms | $549.5K | $485K | -11.7% |
Summary: 78754 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 25.8%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 11.7%.
Housing Supply in 78754, TX
How many homes are available in 78754, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
112 | 89 | -20.5% |
Summary: The 78754 real estate market had 89 homes for sale in March 2024, a 20.5% decrease 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 | 1 | 2 | +100.0% |
3 Bedrooms | 46 | 42 | -8.7% |
4 Bedrooms | 50 | 36 | -28.0% |
5+ Bedrooms | 15 | 9 | -40.0% |
Summary: The 78754 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 increased by 100%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 28%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 21 | -19.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 78754 in March 2024, down by 19.2% month-over-month. Of the 21 sold homes, 52% were sold under asking, 33% were sold at asking, and 14% were sold over asking.
Days on Market for 78754, TX
How long does it take to sell a home in 78754, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 75 Days | +20.5% |
Summary: Homes in 78754 had an average of 75 days on market in Mar 2024, up by 20.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 78754; 48% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.