Is 76550, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 76550 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 76550 has remained a Buyer's Market.

Key Takeaway

76550 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 76550, TX

How much do homes in 76550, TX cost?

Median Sold Price

$275,000

$149/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$52,500(-16.0%)

Key Takeaway

Homes in 76550 have sold for 16% less than they did a month ago.

Summary: The median home sold price in 76550 was $275,000 in November 2024, down 16% from last month, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $379K$180K
-52.5%
3 $246K-
N/A
4 -$370K
N/A
5+ $335K-
N/A

Summary: 76550 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 decreased by 52.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

76539
+35.8%
76550
-16.0%

Housing Supply in 76550, TX

How many homes are available in 76550, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7688+15.8%

Summary: The 76550 real estate market had 88 homes for sale in November 2024, a 15.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 1920
+5.3%
3 3341
+24.2%
4 1519
+26.7%
5+ 65
-16.7%

Summary: The 76550 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 5.3%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 76550, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 76550 in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 76550, TX

How long does it take to sell a home in 76550, TX?

Average Sale Time

Oct 2024Nov 2024CHANGE
75 Days115 Days+52.3%

Summary: Homes in 76550 had an average of 115 days on market in Nov 2024, up by 52.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 76550 has remained consistent over time.

Summary: During November 2024, 2 homes were sold in 76550; 0% of homes were sold within 30 days, 50% 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 22 Days Ago

Newest Listings in 76550, TX

Nearby Markets to 76550, TX