Is 79907, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 79907 is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, 79907 has remained a Seller's Market.

Key Takeaway

79907 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 79907, TX cost?

Median Sold Price

$145,500

$111/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$17,000(+13.2%)

Key Takeaway

Homes in 79907 have sold for 13.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $102K$105K
+2.9%
3 $125K$142K
+13.6%
4 $152.5K$180K
+18.0%
5+ $240K$215K
-10.4%

Median Sold Price Compared To Nearby Zip Codes

79927
+19.6%
79935
+16.2%
79915
+16.0%
79936
+14.7%
79907
+13.2%

How many homes are available in 79907, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
5452-3.7%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 43
-25.0%
3 3029
-3.3%
4 1616
0.0%
5+ 44
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
1516+6.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 79907, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
14 Days30 Days+113.3%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 79907 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 79907, TX

79907, TX has 52 homes on the market. The inventory of homes for sale in 79907, TX between September 2022 and October 2022 decreased by 3.7%. While the average time on the market in October 2022 was 30 days, the median list price was $145,500. Real estate listing prices changed between September 2022 and October 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 2.9%, 3 bedrooms properties became 13.6% more expensive, 4 bedrooms properties prices increased by 18%, the cost of 5 bedrooms properties went down by 10.4%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, volume of 2 bedrooms homes went down by 25%, the quantity of 3 bedrooms homes went down by 3.3%, 4 bedrooms homes did not move, 5 bedrooms homes did not move. 79907, TX housing market in October 2022 saw over 7 listings sold above listed price, more than 3 sold at listed price and over 6 sold below.