Is 78962, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 78962 has remained a Buyer's Market.
Housing Prices in 78962, TX
How much do homes in 78962, TX cost?
Median Sold Price
$254,500
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78962 was $254,500 in March 2024, down 8.1% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $730K | - | N/A |
2 Bedrooms | $292.1K | $226.2K | -22.5% |
3 Bedrooms | $331.5K | $220K | -33.6% |
4 Bedrooms | $234K | $279K | +19.2% |
5+ Bedrooms | $277K | $609.6K | +120.1% |
Summary: 78962 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.5%, 3 bedroom homes decreased by 33.6%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 120.1%.
Median Sold Price Compared To Nearby Zip Codes
78934 | $289K | $308.6K | +6.8% |
78962 | $277K | $254.5K | -8.1% |
Housing Supply in 78962, TX
How many homes are available in 78962, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 23 | +27.8% |
Summary: The 78962 real estate market had 23 homes for sale in March 2024, a 27.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 8 | 11 | +37.5% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 78962 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 78962 in March 2024, the same as the previous 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 78962, TX
How long does it take to sell a home in 78962, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 238 Days | +418.5% |
Summary: Homes in 78962 had an average of 238 days on market in Mar 2024, up by 418.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in 78962; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.