Is 78942, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 78942 was a Seller's Market.
Housing Prices in 78942, TX
How much do homes in 78942, TX cost?
Median Sold Price
$315,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 78942 was $315,000 in April 2024, up 26% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $152K | $200K | +31.6% |
2 Bedrooms | $199.5K | $275K | +37.8% |
3 Bedrooms | $282K | $317.5K | +12.6% |
4 Bedrooms | $325K | $345K | +6.2% |
5+ Bedrooms | $1.5M | - | N/A |
Summary: 78942 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.6%, 2 bedroom homes increased by 37.8%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes did not change.
Housing Supply in 78942, TX
How many homes are available in 78942, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 41 | +20.6% |
Summary: The 78942 real estate market had 41 homes for sale in April 2024, a 20.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 19 | 24 | +26.3% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 78942 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 26.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 78942 in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 78942, TX
How long does it take to sell a home in 78942, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 64 Days | +26.6% |
Summary: Homes in 78942 had an average of 64 days on market in Apr 2024, up by 26.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in 78942; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.