Is 76537, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 76537 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 76537 has remained a Seller's Market.

Key Takeaway

76537 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 76537, TX

How much do homes in 76537, TX cost?

Median Sold Price

$289,974

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,691(-0.9%)

Key Takeaway

Homes in 76537 have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in 76537 was $289,974 in October 2024, down 0.9% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$259.9K
N/A
2 $258.2K$585K
+126.5%
3 $279.6K$275K
-1.7%
4 $315K$300K
-4.8%
5+ $363.1K$339.9K
-6.4%

Summary: 76537 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 126.5%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 6.4%.

Median Sold Price Compared To Nearby Zip Codes

78633
-0.3%
76537
-0.9%
78626
-1.7%
76571
-3.4%

Housing Supply in 76537, TX

How many homes are available in 76537, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
261242-7.3%

Summary: The 76537 real estate market had 242 homes for sale in October 2024, a 7.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 153144
-5.9%
4 9785
-12.4%
5+ 1012
+20.0%

Summary: The 76537 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 decreased by 5.9%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5046-8.0%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 76537, you may be able to get a good deal. 58.7% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in 76537 in October 2024, down by 8.0% month-over-month. Of the 46 sold homes, 59% were sold under asking, 28% were sold at asking, and 13% were sold over asking.

Days on Market for 76537, TX

How long does it take to sell a home in 76537, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days49 Days+21.0%

Summary: Homes in 76537 had an average of 49 days on market in Oct 2024, up by 21% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 76537 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 46 homes were sold in 76537; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% 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 76537, TX

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