Is 78758, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 78758 was a Seller's Market.
Housing Prices in 78758, TX
How much do homes in 78758, TX cost?
Median Sold Price
$417,550
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 78758 was $417,550 in May 2024, down 8.2% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $227.5K | $199K | -12.5% |
2 Bedrooms | $315K | $285K | -9.5% |
3 Bedrooms | $482K | $438.7K | -9.0% |
4 Bedrooms | $625K | $478K | -23.5% |
5+ Bedrooms | $600K | $435K | -27.5% |
Summary: 78758 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes decreased by 9%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes decreased by 27.5%.
Housing Supply in 78758, TX
How many homes are available in 78758, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
133 | 161 | +21.1% |
Summary: The 78758 real estate market had 161 homes for sale in May 2024, a 21.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 18 | +63.6% |
2 Bedrooms | 21 | 28 | +33.3% |
3 Bedrooms | 69 | 76 | +10.1% |
4 Bedrooms | 28 | 35 | +25.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 78758 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 63.6%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 19 | -24.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 78758 in May 2024, down by 24.0% month-over-month. Of the 19 sold homes, 68% were sold under asking, 32% were sold at asking, and 0% were sold over asking.
Days on Market for 78758, TX
How long does it take to sell a home in 78758, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 57 Days | +83.3% |
Summary: Homes in 78758 had an average of 57 days on market in May 2024, up by 83.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in 78758; 37% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.