Is 78962, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78962 is a neutral's market

Buyer's
Market

Difference Since October 2020

Since last year, 78962 has remained a Neutral Market.

Key Takeaway

78962 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 78962, TX cost?

Median Sold Price

$243,000

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$61,500(+33.9%)

Key Takeaway

Homes in 78962 have sold for 33.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $255K$330K
+29.4%
2 $129.9K$245K
+88.5%
3 $217.2K$232.5K
+7.0%
4 $400K$291.5K
-27.1%
5+ -$100K
N/A

Median Sold Price Compared To Nearby Zip Codes

78962
+33.9%
78934
+32.8%

How many homes are available in 78962, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
1613-18.8%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 43
-25.0%
3 98
-11.1%
4 22
0.0%
5+ 10
-100.0%

Number of Homes Sold

Sep 2021Oct 2021%
62-66.7%

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 78962, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
51 Days59 Days+15.9%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78962 are selling fast, if you're buying plan to act quickly.

About 78962, TX

There are 13 homes are for sale in 78962, TX real estate market. The number of listings in 78962, TX decreased by 18.8% between September 2021 and October 2021. In October 2021, listings were on the market for 59 days. During the same period, the median list price in this real estate market was $243,000. Listing prices have changed in this real estate market between September 2021 and October 2021: 1 bedroom properties prices increased by 29.4%, prices of 2 bedrooms properties increased by 88.5%, 3 bedrooms properties became 7% more expensive, 4 bedrooms properties became 27.1% more cheaper, 5 bedrooms properties became 0% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went down by 25%, number of 3 bedrooms homes decreased by 11.1%, 4 bedrooms homes inventory did not change, the quantity of 5 bedrooms homes went down by 100%. In October 2021 more than 0 listings in 78962, TX were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below.