Is 78727, 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, 78727 has remained a Seller's Market.
Key Takeaway
78727 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 78727, TX
How much do homes in 78727, TX cost?
Median Sold Price
$513,750
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 78727 have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in 78727 was $513,750 in May 2024, down 1.4% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $380.2K | $340K | -10.6% |
| 3 Bedrooms | $500K | $467K | -6.6% |
| 4 Bedrooms | $585K | $600K | +2.6% |
| 5+ Bedrooms | $725K | $602K | -17.0% |
Summary: 78727 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 10.6%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 17%.
Housing Supply in 78727, TX
How many homes are available in 78727, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 100 | +5.3% |
Summary: The 78727 real estate market had 100 homes for sale in May 2024, a 5.3% 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 | 9 | 14 | +55.6% |
| 3 Bedrooms | 54 | 56 | +3.7% |
| 4 Bedrooms | 27 | 27 | 0.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The 78727 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 55.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 17 | -29.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 78727, you may be able to get a good deal. 35.3% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 78727 in May 2024, down by 29.2% month-over-month. Of the 17 sold homes, 35% were sold under asking, 35% were sold at asking, and 29% were sold over asking.
Days on Market for 78727, TX
How long does it take to sell a home in 78727, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 29 Days | -26.9% |
Summary: Homes in 78727 had an average of 29 days on market in May 2024, down by 26.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 78727 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in 78727; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.