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

$327,500

$210/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$22,500(-6.4%)

Key Takeaway

Homes in 76550 have sold for 6.4% less than they did a month ago.

Summary: The median home sold price in 76550 was $327,500 in October 2024, down 6.4% from last month, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $302.5K$379K
+25.3%
3 -$246K
N/A
4 $1.0M-
N/A
5+ -$335K
N/A

Summary: 76550 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.3%, 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

76550
-6.4%
78672
-10.4%
76539
-42.2%
76853
-62.9%

Housing Supply in 76550, TX

How many homes are available in 76550, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3841+7.9%

Summary: The 76550 real estate market had 41 homes for sale in October 2024, a 7.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1313
0.0%
3 1416
+14.3%
4 78
+14.3%
5+ 33
0.0%

Summary: The 76550 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 14.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

4 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 5 homes were sold or pending in 76550 in October 2024, up by 25.0% month-over-month. Of the 4 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

Sep 2024Oct 2024CHANGE
122 Days75 Days-38.5%

Summary: Homes in 76550 had an average of 75 days on market in Oct 2024, down by 38.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 76550 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 5 homes were sold in 76550; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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

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