Is 78758, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78758 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 78758 was a Seller's Market.

Key Takeaway

78758 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78758, TX

How much do homes in 78758, TX cost?

Median Sold Price

$415,000

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$68,000(-14.1%)

Key Takeaway

Homes in 78758 have sold for 14.1% less than they did a year ago.

Summary: The median home sold price in 78758 was $415,000 in February 2024, down 14.1% from last year, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $255K$208.5K
-18.2%
2 $334.5K$297K
-11.2%
3 $507K$444.5K
-12.3%
4 $638.5K$462.5K
-27.6%
5+ $633.5K$590.8K
-6.7%

Summary: 78758 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.2%, 2 bedroom homes decreased by 11.2%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes decreased by 27.6%, and 5+ bedroom homes decreased by 6.7%.

Median Sold Price Compared To Nearby Zip Codes

78757
-9.3%
78727
-11.5%
78759
-12.4%
78758
-14.1%
78753
-16.3%

Housing Supply in 78758, TX

How many homes are available in 78758, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
97112+15.5%

Summary: The 78758 real estate market had 112 homes for sale in February 2024, a 15.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 79
+28.6%
2 2526
+4.0%
3 3854
+42.1%
4 2220
-9.1%
5+ 53
-40.0%

Summary: The 78758 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 42.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1813-27.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78758, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 78758 in February 2024, down by 27.8% month-over-month. Of the 13 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.

Days on Market for 78758, TX

How long does it take to sell a home in 78758, TX?

Average Sale Time

Feb 2023Feb 2024CHANGE
82 Days87 Days+5.8%

Summary: Homes in 78758 had an average of 87 days on market in Feb 2024, up by 5.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78758 has remained consistent over time.

Summary: During February 2024, 13 homes were sold in 78758; 31% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 31% 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 2 Days Ago

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