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 February 2023

At the same time last year, 78945 was a Neutral 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

$357,500

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$7,500(+2.1%)

Key Takeaway

Homes in 78945 have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in 78945 was $357,500 in February 2024, up 2.1% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$325K
N/A
2 $230K$280K
+21.7%
3 $365K$342K
-6.3%
4 $562.5K$630K
+12.0%
5+ $397.5K$485K
+22.0%

Summary: 78945 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.7%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 22%.

Housing Supply in 78945, TX

How many homes are available in 78945, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5963+6.8%

Summary: The 78945 real estate market had 63 homes for sale in February 2024, a 6.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 12
+100.0%
2 1615
-6.3%
3 2831
+10.7%
4 89
+12.5%
5+ 66
0.0%

Summary: The 78945 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 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 2 homes were sold or pending in 78945 in February 2024, down by 33.3% month-over-month. Of the 2 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

Feb 2023Feb 2024CHANGE
282 Days4 Days-98.6%

Summary: Homes in 78945 had an average of 4 days on market in Feb 2024, down by 98.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 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 February 2024, 2 homes were sold in 78945; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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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