Is 78756, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78756 is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, 78756 has remained a Seller's Market.

Key Takeaway

78756 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78756, TX cost?

Median Sold Price

$850,000

$554/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$150,000(+21.4%)

Key Takeaway

Homes in 78756 have sold for 21.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $230K$300K
+30.4%
2 $607.5K$699K
+15.1%
3 $775K$900K
+16.1%
4 $1.2M$1.7M
+38.8%
5+ $1.3M$1.5M
+14.7%

Median Sold Price Compared To Nearby Zip Codes

78731
+31.7%
78756
+21.4%
78757
+16.8%
78751
+8.4%
78705
+6.7%

How many homes are available in 78756, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
4236-14.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 53
-40.0%
2 1410
-28.6%
3 1416
+14.3%
4 76
-14.3%
5+ 21
-50.0%

Number of Homes Sold

Sep 2022Oct 2022%
117-36.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78756, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
9 Days19 Days+101.5%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78756 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 78756, TX

Homes for sale in 78756, TX have reached 36. The number of homes for sale in 78756, TX decreased by 14.3% between September 2022 and October 2022. Listings spent 19 days on the market in October 2022, and had a median list price of $850,000 during the same period. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 30.4%, 2 bedrooms properties prices increased by 15.1%, 3 bedrooms properties became 16.1% more expensive, prices of 4 bedrooms properties increased by 38.8%, prices of 5 bedrooms properties went up by 14.7%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went down by 40%, 2 bedrooms homes inventory decreased by 28.6%, volume of 3 bedrooms homes went up by 14.3%, volume of 4 bedrooms homes went down by 14.3%, number of 5 bedrooms homes decreased by 50%. In October 2022 more than 2 listings in 78756, TX were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 3 were sold below.