Is 78665, 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, 78665 has remained a Seller's Market.
Housing Prices in 78665, TX
How much do homes in 78665, TX cost?
Median Sold Price
$429,166
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 78665 was $429,166 in May 2024, down 9.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $499.9K | N/A |
2 Bedrooms | $410K | $332.2K | -19.0% |
3 Bedrooms | $410K | $380K | -7.3% |
4 Bedrooms | $512K | $492.6K | -3.8% |
5+ Bedrooms | $680K | $602.5K | -11.4% |
Summary: 78665 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 19%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 11.4%.
Housing Supply in 78665, TX
How many homes are available in 78665, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
202 | 262 | +29.7% |
Summary: The 78665 real estate market had 262 homes for sale in May 2024, a 29.7% 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 | 3 | 4 | +33.3% |
3 Bedrooms | 84 | 108 | +28.6% |
4 Bedrooms | 94 | 117 | +24.5% |
5+ Bedrooms | 21 | 33 | +57.1% |
Summary: The 78665 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 33.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 51 | 0.0% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in 78665 in May 2024, the same as the previous month. Of the 51 sold homes, 63% were sold under asking, 24% were sold at asking, and 14% were sold over asking.
Days on Market for 78665, TX
How long does it take to sell a home in 78665, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 30 Days | -45.4% |
Summary: Homes in 78665 had an average of 30 days on market in May 2024, down by 45.4% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 51 homes were sold in 78665; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.