Is 78654, 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, 78654 was a Seller's Market.
Housing Prices in 78654, TX
How much do homes in 78654, TX cost?
Median Sold Price
$480,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 78654 was $480,000 in May 2024, up 1.4% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215.9K | $210K | -2.7% |
2 Bedrooms | $395K | $287.5K | -27.2% |
3 Bedrooms | $440K | $428.5K | -2.6% |
4 Bedrooms | $625K | $667.5K | +6.8% |
5+ Bedrooms | $865K | $632.5K | -26.9% |
Summary: 78654 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes decreased by 27.2%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 26.9%.
Housing Supply in 78654, TX
How many homes are available in 78654, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
153 | 166 | +8.5% |
Summary: The 78654 real estate market had 166 homes for sale in May 2024, a 8.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 10 | +25.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 80 | 85 | +6.3% |
4 Bedrooms | 43 | 49 | +14.0% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 78654 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 14%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 12 | -36.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 78654 in May 2024, down by 36.8% month-over-month. Of the 12 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% were sold over asking.
Days on Market for 78654, TX
How long does it take to sell a home in 78654, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
51 Days | 66 Days | +31.0% |
Summary: Homes in 78654 had an average of 66 days on market in May 2024, up by 31% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in 78654; 67% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.