Is 78628, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 78628 was a Seller's Market.
Housing Prices in 78628, TX
How much do homes in 78628, TX cost?
Median Sold Price
$499,999
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 78628 was $499,999 in May 2024, down 4.6% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $633.5K | +322.4% |
2 Bedrooms | $426K | $395K | -7.3% |
3 Bedrooms | $437.3K | $414.9K | -5.1% |
4 Bedrooms | $575K | $540.5K | -6.0% |
5+ Bedrooms | $724.7K | $659K | -9.1% |
Summary: 78628 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 322.4%, 2 bedroom homes decreased by 7.3%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 9.1%.
Housing Supply in 78628, TX
How many homes are available in 78628, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
775 | 870 | +12.3% |
Summary: The 78628 real estate market had 870 homes for sale in May 2024, a 12.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 252 | 273 | +8.3% |
4 Bedrooms | 391 | 444 | +13.6% |
5+ Bedrooms | 114 | 137 | +20.2% |
Summary: The 78628 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 20.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
115 | 126 | +9.6% |
Asking Price vs. Sold Price
83 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 126 homes were sold or pending in 78628 in May 2024, up by 9.6% month-over-month. Of the 126 sold homes, 66% were sold under asking, 24% were sold at asking, and 10% were sold over asking.
Days on Market for 78628, TX
How long does it take to sell a home in 78628, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
80 Days | 75 Days | -5.8% |
Summary: Homes in 78628 had an average of 75 days on market in May 2024, down by 5.8% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Summary: During May 2024, 126 homes were sold in 78628; 47% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.