Is 78681, 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, 78681 has remained a Seller's Market.
Housing Prices in 78681, TX
How much do homes in 78681, TX cost?
Median Sold Price
$535,503
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 78681 was $535,503 in May 2024, down 4.1% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $352.2K | N/A |
2 Bedrooms | $324K | $295K | -9.0% |
3 Bedrooms | $450K | $415K | -7.8% |
4 Bedrooms | $649.9K | $605K | -6.9% |
5+ Bedrooms | $802.5K | $700K | -12.8% |
Summary: 78681 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 9%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 12.8%.
Housing Supply in 78681, TX
How many homes are available in 78681, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
198 | 236 | +19.2% |
Summary: The 78681 real estate market had 236 homes for sale in May 2024, a 19.2% 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 | 3 | 0.0% |
3 Bedrooms | 73 | 94 | +28.8% |
4 Bedrooms | 99 | 112 | +13.1% |
5+ Bedrooms | 23 | 27 | +17.4% |
Summary: The 78681 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 remained the same, 3 bedroom homes increased by 28.8%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 61 | +15.1% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 61 homes were sold or pending in 78681 in May 2024, up by 15.1% month-over-month. Of the 61 sold homes, 44% were sold under asking, 20% were sold at asking, and 36% were sold over asking.
Days on Market for 78681, TX
How long does it take to sell a home in 78681, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 19 Days | -44.8% |
Summary: Homes in 78681 had an average of 19 days on market in May 2024, down by 44.8% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 61 homes were sold in 78681; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.