Is 78873, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78873 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 78873 was a Buyer's Market.

Key Takeaway

78873 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78873, TX

How much do homes in 78873, TX cost?

Median Sold Price

$575,000

$329/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$125,500(+27.9%)

Key Takeaway

Homes in 78873 have sold for 27.9% more than they did a month ago.

Summary: The median home sold price in 78873 was $575,000 in April 2024, up 27.9% from last month, and the median price per square foot was $329.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$548K
N/A
3 $449.5K-
N/A
4 -$745K
N/A
5+ --
N/A

Summary: 78873 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 78873, TX

How many homes are available in 78873, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
16160.0%

Summary: The 78873 real estate market had 16 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 44
0.0%
3 98
-11.1%
4 33
0.0%
5+ 00
0.0%

Summary: The 78873 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
23+50.0%

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 78873, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 78873 in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78873, TX

How long does it take to sell a home in 78873, TX?

Average Sale Time

Mar 2024Apr 2024CHANGE
151 Days186 Days+23.2%

Summary: Homes in 78873 had an average of 186 days on market in Apr 2024, up by 23.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78873 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 3 homes were sold in 78873; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 16 Days Ago

Newest Listings in 78873, TX

Nearby Markets to 78873, TX