Is 76541, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 76541 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 76541 has remained a Buyer's Market.

Key Takeaway

76541 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 76541, TX

How much do homes in 76541, TX cost?

Median Sold Price

$159,000

$157/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$17,050(+12.0%)

Key Takeaway

Homes in 76541 have sold for 12% more than they did a month ago.

Summary: The median home sold price in 76541 was $159,000 in November 2024, up 12% from last month, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $120K-
N/A
3 $163.9K$159K
-3.0%
4 --
N/A
5+ --
N/A

Summary: 76541 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 decreased by 3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 76541, TX

How many homes are available in 76541, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7584+12.0%

Summary: The 76541 real estate market had 84 homes for sale in November 2024, a 12.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1312
-7.7%
3 4450
+13.6%
4 1620
+25.0%
5+ 22
0.0%

Summary: The 76541 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 decreased by 7.7%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 76541, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 76541 in November 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 76541, TX

How long does it take to sell a home in 76541, TX?

Average Sale Time

Oct 2024Nov 2024CHANGE
26 Days28 Days+6.9%

Summary: Homes in 76541 had an average of 28 days on market in Nov 2024, up by 6.9% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 76541 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 76541; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

Newest Listings in 76541, TX

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