Is 76504, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 76504 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 76504 has remained a Buyer's Market.

Key Takeaway

76504 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 76504, TX

How much do homes in 76504, TX cost?

Median Sold Price

$260,190

$169/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$11,470(+4.6%)

Key Takeaway

Homes in 76504 have sold for 4.6% more than they did a month ago.

Summary: The median home sold price in 76504 was $260,190 in November 2024, up 4.6% from last month, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $61K-
N/A
3 $248.7K$255.6K
+2.8%
4 $310K$268.1K
-13.5%
5+ --
N/A

Summary: 76504 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

76501
+6.7%
76504
+4.6%

Housing Supply in 76504, TX

How many homes are available in 76504, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
151176+16.6%

Summary: The 76504 real estate market had 176 homes for sale in November 2024, a 16.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 914
+55.6%
3 8094
+17.5%
4 5862
+6.9%
5+ 35
+66.7%

Summary: The 76504 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 55.6%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

3 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 76504, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 76504 in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for 76504, TX

How long does it take to sell a home in 76504, TX?

Average Sale Time

Oct 2024Nov 2024CHANGE
48 Days79 Days+63.5%

Summary: Homes in 76504 had an average of 79 days on market in Nov 2024, up by 63.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 76504 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 6 homes were sold in 76504; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% 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 17 Days Ago

Newest Listings in 76504, TX

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