Is 76571, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 76571 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 76571 was a Seller's Market.

Key Takeaway

76571 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 76571, TX

How much do homes in 76571, TX cost?

Median Sold Price

$565,025

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$19,975(-3.4%)

Key Takeaway

Homes in 76571 have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in 76571 was $565,025 in October 2024, down 3.4% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$660K
N/A
2 $420K$535K
+27.4%
3 $459.4K$472K
+2.7%
4 $615K$570K
-7.3%
5+ $562.7K$774.9K
+37.7%

Summary: 76571 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 27.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes increased by 37.7%.

Median Sold Price Compared To Nearby Zip Codes

76513
+4.7%
76542
-0.8%
76537
-0.9%
76571
-3.4%

Housing Supply in 76571, TX

How many homes are available in 76571, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
51510.0%

Summary: The 76571 real estate market had 51 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1314
+7.7%
4 2826
-7.1%
5+ 810
+25.0%

Summary: The 76571 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 decreased by 50%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
104-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 76571, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 76571 in October 2024, down by 60.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for 76571, TX

How long does it take to sell a home in 76571, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
76 Days24 Days-67.7%

Summary: Homes in 76571 had an average of 24 days on market in Oct 2024, down by 67.7% compared to last year.

Breakdown of Home Sale Times

3 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 76571 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 76571; 75% of homes were sold within 30 days, 25% 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 4 Days Ago

Newest Listings in 76571, TX

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