Is 78645, 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, 78645 was a Seller's Market.
Housing Prices in 78645, TX
How much do homes in 78645, TX cost?
Median Sold Price
$452,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 78645 was $452,000 in May 2024, down 5.4% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245K | $201K | -18.0% |
2 Bedrooms | $317.3K | $330K | +4.0% |
3 Bedrooms | $430K | $419.9K | -2.3% |
4 Bedrooms | $599.5K | $558K | -6.9% |
5+ Bedrooms | $999.9K | $681.5K | -31.8% |
Summary: 78645 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18%, 2 bedroom homes increased by 4%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 31.8%.
Housing Supply in 78645, TX
How many homes are available in 78645, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
412 | 437 | +6.1% |
Summary: The 78645 real estate market had 437 homes for sale in May 2024, a 6.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 16 | 0.0% |
2 Bedrooms | 35 | 39 | +11.4% |
3 Bedrooms | 198 | 208 | +5.1% |
4 Bedrooms | 126 | 133 | +5.6% |
5+ Bedrooms | 37 | 41 | +10.8% |
Summary: The 78645 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 11.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 10.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 33 | -37.7% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 78645 in May 2024, down by 37.7% month-over-month. Of the 33 sold homes, 64% were sold under asking, 21% were sold at asking, and 15% were sold over asking.
Days on Market for 78645, TX
How long does it take to sell a home in 78645, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
97 Days | 96 Days | -1.0% |
Summary: Homes in 78645 had an average of 96 days on market in May 2024, down by 1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 33 homes were sold in 78645; 33% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.