Is 78945, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78945 is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 78945 was a Seller's Market.

Key Takeaway

78945 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78945, TX

How much do homes in 78945, TX cost?

Median Sold Price

$367,500

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$17,500(+5.0%)

Key Takeaway

Homes in 78945 have sold for 5% more than they did a year ago.

Summary: The median home sold price in 78945 was $367,500 in April 2024, up 5% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$450K
N/A
2 $242K$290K
+19.8%
3 $365K$335K
-8.2%
4 $567.5K$752K
+32.5%
5+ $600K$482K
-19.7%

Summary: 78945 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.8%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 32.5%, and 5+ bedroom homes decreased by 19.7%.

Housing Supply in 78945, TX

How many homes are available in 78945, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7179+11.3%

Summary: The 78945 real estate market had 79 homes for sale in April 2024, a 11.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 1213
+8.3%
3 3436
+5.9%
4 1518
+20.0%
5+ 910
+11.1%

Summary: The 78945 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 increased by 8.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

8 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 78945, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 78945 in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78945, TX

How long does it take to sell a home in 78945, TX?

Average Sale Time

Apr 2023Apr 2024CHANGE
54 Days86 Days+58.6%

Summary: Homes in 78945 had an average of 86 days on market in Apr 2024, up by 58.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78945 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 8 homes were sold in 78945; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% 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 1 Day Ago

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