Is 78704, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 78704 was a Seller's Market.
Housing Prices in 78704, TX
How much do homes in 78704, TX cost?
Median Sold Price
$873,800
$563/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 78704 was $873,800 in April 2024, up 2.5% from last year, and the median price per square foot was $563.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $420K | $380K | -9.5% |
2 Bedrooms | $674K | $645K | -4.3% |
3 Bedrooms | $1.0M | $950K | -12.6% |
4 Bedrooms | $1.9M | $1.5M | -17.1% |
5+ Bedrooms | $2.4M | $1.8M | -24.3% |
Summary: 78704 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.5%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes decreased by 24.3%.
Housing Supply in 78704, TX
How many homes are available in 78704, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
360 | 445 | +23.6% |
Summary: The 78704 real estate market had 445 homes for sale in April 2024, a 23.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 38 | 44 | +15.8% |
2 Bedrooms | 91 | 108 | +18.7% |
3 Bedrooms | 119 | 148 | +24.4% |
4 Bedrooms | 76 | 103 | +35.5% |
5+ Bedrooms | 36 | 42 | +16.7% |
Summary: The 78704 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.8%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 35.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 47 | -6.0% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in 78704 in April 2024, down by 6.0% month-over-month. Of the 47 sold homes, 66% were sold under asking, 13% were sold at asking, and 21% were sold over asking.
Days on Market for 78704, TX
How long does it take to sell a home in 78704, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 58 Days | -5.8% |
Summary: Homes in 78704 had an average of 58 days on market in Apr 2024, down by 5.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 47 homes were sold in 78704; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.