Is 78613, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 78613 has remained a Seller's Market.
Housing Prices in 78613, TX
How much do homes in 78613, TX cost?
Median Sold Price
$486,944
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 78613 was $486,944 in May 2024, down 5.7% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $355K | - | N/A |
2 Bedrooms | $362.5K | $314.5K | -13.2% |
3 Bedrooms | $430K | $400K | -7.0% |
4 Bedrooms | $586.6K | $588.7K | 0.4% |
5+ Bedrooms | $875K | $818K | -6.5% |
Summary: 78613 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.2%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 6.5%.
Housing Supply in 78613, TX
How many homes are available in 78613, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
304 | 358 | +17.8% |
Summary: The 78613 real estate market had 358 homes for sale in May 2024, a 17.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 141 | 168 | +19.1% |
4 Bedrooms | 117 | 129 | +10.3% |
5+ Bedrooms | 39 | 50 | +28.2% |
Summary: The 78613 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 28.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
82 | 85 | +3.7% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in 78613 in May 2024, up by 3.7% month-over-month. Of the 85 sold homes, 47% were sold under asking, 21% were sold at asking, and 32% were sold over asking.
Days on Market for 78613, TX
How long does it take to sell a home in 78613, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 26 Days | -11.1% |
Summary: Homes in 78613 had an average of 26 days on market in May 2024, down by 11.1% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 85 homes were sold in 78613; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.