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 June 2023

Since last year, 78945 has remained a Buyer'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

$365,000

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$5,000(-1.4%)

Key Takeaway

Homes in 78945 have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in 78945 was $365,000 in June 2024, down 1.4% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 -$450K
N/A
2 $217.2K$285K
+31.2%
3 $379.7K$365K
-3.9%
4 $601.2K$488.2K
-18.8%
5+ $742.5K$479K
-35.5%

Summary: 78945 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.2%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 35.5%.

Housing Supply in 78945, TX

How many homes are available in 78945, TX?

Number of Homes For Sale

May 2024Jun 2024CHANGE
7690+18.4%

Summary: The 78945 real estate market had 90 homes for sale in June 2024, a 18.4% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 1518
+20.0%
3 3543
+22.9%
4 1619
+18.8%
5+ 1010
0.0%

Summary: The 78945 housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

5 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 5 homes were sold or pending in 78945 in June 2024, up by 66.7% month-over-month. Of the 5 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

Jun 2023Jun 2024CHANGE
81 Days109 Days+33.7%

Summary: Homes in 78945 had an average of 109 days on market in Jun 2024, up by 33.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78945 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During June 2024, 5 homes were sold in 78945; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% 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 26 Days Ago

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