Is 78942, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78942 is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, 78942 has remained a Seller's Market.

Key Takeaway

78942 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78942, TX cost?

Median Sold Price

$265,500

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$55,500(+26.4%)

Key Takeaway

Homes in 78942 have sold for 26.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $108K$105K
-2.8%
2 $150K$207.4K
+38.3%
3 $223.2K$282K
+26.3%
4 $290K$302K
+4.1%
5+ $350K$1.0M
+187.9%

How many homes are available in 78942, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
2528+12.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 22
0.0%
2 48
+100.0%
3 1514
-6.7%
4 33
0.0%
5+ 11
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
57+40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78942, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
20 Days34 Days+66.6%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78942 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 78942, TX

78942, TX has 28 homes for sale to choose from. Between October 2022 and November 2022, 78942, TX real estate market has seen increase in the number of listings by 12%. While the average time on the market in November 2022 was 34 days, the median list price was $265,500. Real estate listing prices changed between October 2022 and November 2022: the cost of 1 bedroom properties went down by 2.8%, prices of 2 bedrooms properties increased by 38.3%, the cost of 3 bedrooms properties went up by 26.3%, 4 bedrooms properties prices increased by 4.1%, 5 bedrooms properties became 187.9% more expensive. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes increased by 100%, number of 3 bedrooms homes decreased by 6.7%, the quantity of 4 bedrooms homes have not changed, the quantity of 5 bedrooms homes have not changed. In November 2022 more than 2 listings in 78942, TX were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 4 were sold below.