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 October 2023

At the same time last year, 76502 was a Seller'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

$300,000

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$9,000(-2.9%)

Key Takeaway

Homes in 76502 have sold for 2.9% less than they did a year ago.

Summary: The median home sold price in 76502 was $300,000 in October 2024, down 2.9% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $210.5K$318K
+51.1%
3 $263.4K$265K
+0.6%
4 $347K$325K
-6.3%
5+ $452K$471.5K
+4.3%

Summary: 76502 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 51.1%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 4.3%.

Median Sold Price Compared To Nearby Zip Codes

76513
+4.7%
76502
-2.9%

Housing Supply in 76502, TX

How many homes are available in 76502, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
93107+15.1%

Summary: The 76502 real estate market had 107 homes for sale in October 2024, a 15.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 3940
+2.6%
4 3950
+28.2%
5+ 1416
+14.3%

Summary: The 76502 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 28.2%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
913+44.4%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were 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. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 76502 in October 2024, up by 44.4% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% 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

Oct 2023Oct 2024CHANGE
46 Days86 Days+86.0%

Summary: Homes in 76502 had an average of 86 days on market in Oct 2024, up by 86% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 76502 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 13 homes were sold in 76502; 23% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 62% 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

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