Is 76502, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 76502 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 76502 has remained a Buyer's Market.

Key Takeaway

76502 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 76502, TX

How much do homes in 76502, TX cost?

Median Sold Price

$300,127

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$2,372(-0.8%)

Key Takeaway

Homes in 76502 have sold for 0.8% less than they did a year ago.

Summary: The median home sold price in 76502 was $300,127 in November 2024, down 0.8% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $210.5K$256.5K
+21.9%
3 $261.7K$262.2K
0.2%
4 $340K$339.5K
-0.1%
5+ $452K$425K
-6.0%

Summary: 76502 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 6%.

Median Sold Price Compared To Nearby Zip Codes

76513
+2.3%
76502
-0.8%

Housing Supply in 76502, TX

How many homes are available in 76502, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
420475+13.1%

Summary: The 76502 real estate market had 475 homes for sale in November 2024, a 13.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 79
+28.6%
3 166192
+15.7%
4 217239
+10.1%
5+ 3035
+16.7%

Summary: The 76502 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14140.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 76502, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 76502 in November 2024, the same as the previous month. Of the 14 sold homes, 79% were sold under asking, 14% were sold at asking, and 7% were sold over asking.

Days on Market for 76502, TX

How long does it take to sell a home in 76502, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
64 Days65 Days+0.7%

Summary: Homes in 76502 had an average of 65 days on market in Nov 2024, up by 0.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 76502 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in 76502; 50% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in 76502, TX

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