Is 78726, 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, 78726 has remained a Seller's Market.
Housing Prices in 78726, TX
How much do homes in 78726, TX cost?
Median Sold Price
$700,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 78726 was $700,000 in May 2024, down 11.9% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $512.5K | $480.5K | -6.2% |
3 Bedrooms | $662.5K | $578.2K | -12.7% |
4 Bedrooms | $820K | $715K | -12.8% |
5+ Bedrooms | $965K | $825K | -14.5% |
Summary: 78726 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 6.2%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes decreased by 14.5%.
Housing Supply in 78726, TX
How many homes are available in 78726, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 48 | +23.1% |
Summary: The 78726 real estate market had 48 homes for sale in May 2024, a 23.1% 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 | 6 | +100.0% |
3 Bedrooms | 16 | 19 | +18.8% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 78726 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 100%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 78726 in May 2024, up by 11.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 78726, TX
How long does it take to sell a home in 78726, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 15 Days | -47.0% |
Summary: Homes in 78726 had an average of 15 days on market in May 2024, down by 47% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in 78726; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.