Is 76559, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 76559 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 76559 was a Seller's Market.

Key Takeaway

76559 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 76559, TX

How much do homes in 76559, TX cost?

Median Sold Price

$333,390

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$111,560(-25.1%)

Key Takeaway

Homes in 76559 have sold for 25.1% less than they did a year ago.

Summary: The median home sold price in 76559 was $333,390 in October 2024, down 25.1% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $270K$321.6K
+19.1%
4 $467.5K$330.9K
-29.2%
5+ $519.5K$396.9K
-23.6%

Summary: 76559 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 did not change, 3 bedroom homes increased by 19.1%, 4 bedroom homes decreased by 29.2%, and 5+ bedroom homes decreased by 23.6%.

Median Sold Price Compared To Nearby Zip Codes

76513
+4.7%
76559
-25.1%

Housing Supply in 76559, TX

How many homes are available in 76559, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2725-7.4%

Summary: The 76559 real estate market had 25 homes for sale in October 2024, a 7.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1212
0.0%
4 1412
-14.3%
5+ 11
0.0%

Summary: The 76559 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 remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
71-85.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 76559, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 76559 in October 2024, down by 85.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 76559, TX

How long does it take to sell a home in 76559, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
64 Days224 Days+250.0%

Summary: Homes in 76559 had an average of 224 days on market in Oct 2024, up by 250% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 76559 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in 76559; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 3 Days Ago

Newest Listings in 76559, TX

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