Is 78861, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78861 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 78861 has remained a Seller's Market.

Key Takeaway

78861 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78861, TX cost?

Median Sold Price

$234,900

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$27,400(+13.2%)

Key Takeaway

Homes in 78861 have sold for 13.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $225K$29.9K
-86.7%
2 $139K$130K
-6.5%
3 $202.5K$225K
+11.1%
4 $272.5K$415K
+52.3%
5+ -$310K
N/A

Median Sold Price Compared To Nearby Zip Codes

78861
+13.2%
78009
+4.3%

How many homes are available in 78861, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
3233+3.1%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 34
+33.3%
3 2325
+8.7%
4 43
-25.0%
5+ 21
-50.0%

Number of Homes Sold

Oct 2021Nov 2021%
68+33.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78861, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
86 Days46 Days-46.5%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78861 are selling fast, if you're buying plan to act quickly.

About 78861, TX

Homes for sale in 78861, TX have reached 33. Between October 2021 and November 2021, 78861, TX real estate market has seen increase in the number of listings by 3.1%. In November 2021, listings were on the market for 46 days. During the same period, the median list price in this real estate market was $234,900. Between October 2021 and November 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices decreased by 86.7%, 2 bedrooms properties became 6.5% more cheaper, the cost of 3 bedrooms properties went up by 11.1%, 4 bedrooms properties prices increased by 52.3%, prices of 5 bedrooms properties increased by 0%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went up by 33.3%, 3 bedrooms homes inventory increased by 8.7%, 4 bedrooms homes became 25% less available, volume of 5 bedrooms homes went down by 50%. While more than 1 listings in 78861, TX in November 2021 were sold above asking price, there were more than 0 listings sold at asking price, and more than 7 were sold below.