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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78861 is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 78861 was a Seller's Market.

Key Takeaway

78861 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78861, TX cost?

Median Sold Price

$250,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$15,050(+6.4%)

Key Takeaway

Homes in 78861 have sold for 6.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $29.9K$63K
+110.7%
2 $127.5K$210K
+64.7%
3 $230K$272.5K
+18.5%
4 $415K$346K
-16.6%
5+ $310K$475K
+53.2%

How many homes are available in 78861, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
29290.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 20
-100.0%
2 44
0.0%
3 1518
+20.0%
4 66
0.0%
5+ 21
-50.0%

Number of Homes Sold

Oct 2022Nov 2022%
53-40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
42 Days28 Days-33.5%

Breakdown of Home Sale Times

2 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 78861 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 78861, TX

Homes for sale in 78861, TX have reached 29. The median list price of listings available in November 2022 was $250,000, while the average time on the real estate market was 28 days. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties became 110.7% more expensive, prices of 2 bedrooms properties went up by 64.7%, prices of 3 bedrooms properties increased by 18.5%, prices of 4 bedrooms properties went down by 16.6%, 5 bedrooms properties prices increased by 53.2%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 100%, 2 bedrooms homes did not move, number of 3 bedrooms homes increased by 20%, number of 4 bedrooms homes remained the same, 5 bedrooms homes became 50% less available. While more than 0 listings in 78861, TX in November 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 3 were sold below.