Is 78754, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78754 is a neutral's market

Buyer's
Market

Difference Since October 2021

At the same time last year, 78754 was a Seller's Market.

Key Takeaway

78754 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 78754, TX cost?

Median Sold Price

$470,000

$247/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$85,000(+22.1%)

Key Takeaway

Homes in 78754 have sold for 22.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $285K$505K
+77.2%
3 $374K$435K
+16.3%
4 $403.5K$491.9K
+21.9%
5+ $387.5K$600K
+54.8%

Median Sold Price Compared To Nearby Zip Codes

78754
+22.1%
78753
+21.3%
78724
+11.4%
78723
+9.6%
78752
+9.4%

How many homes are available in 78754, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
120104-13.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 14
+300.0%
3 5552
-5.5%
4 5440
-25.9%
5+ 97
-22.2%

Number of Homes Sold

Sep 2022Oct 2022%
3215-53.1%

Asking Price vs. Sold Price

10 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 78754, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
21 Days40 Days+84.8%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78754 are selling fast, if you're buying plan to act quickly.

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

About 78754, TX

78754, TX has 104 homes on the market. The number of listings in 78754, TX decreased by 13.3% between September 2022 and October 2022. While the average time on the market in October 2022 was 40 days, the median list price was $470,000. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 77.2%, 3 bedrooms properties prices increased by 16.3%, 4 bedrooms properties became 21.9% more expensive, 5 bedrooms properties became 54.8% more expensive. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went up by 300%, 3 bedrooms homes became 5.5% less available, 4 bedrooms homes inventory decreased by 25.9%, 5 bedrooms homes became 22.2% less available. While more than 4 listings in 78754, TX in October 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 10 were sold below.