Is 76574, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 76574 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 76574 was a Seller's Market.

Key Takeaway

76574 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 76574, TX

How much do homes in 76574, TX cost?

Median Sold Price

$316,250

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$13,750(-4.2%)

Key Takeaway

Homes in 76574 have sold for 4.2% less than they did a year ago.

Summary: The median home sold price in 76574 was $316,250 in October 2024, down 4.2% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$390K
N/A
2 $237K$211.5K
-10.8%
3 $325K$312K
-4.0%
4 $367K$357.5K
-2.6%
5+ $575K$435K
-24.3%

Summary: 76574 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 decreased by 10.8%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 24.3%.

Median Sold Price Compared To Nearby Zip Codes

78634
+1.4%
76574
-4.2%

Housing Supply in 76574, TX

How many homes are available in 76574, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
118126+6.8%

Summary: The 76574 real estate market had 126 homes for sale in October 2024, a 6.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 610
+66.7%
3 5962
+5.1%
4 4446
+4.5%
5+ 98
-11.1%

Summary: The 76574 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 increased by 66.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1810-44.4%

Asking Price vs. Sold Price

7 Homes Were 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 76574, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 76574 in October 2024, down by 44.4% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.

Days on Market for 76574, TX

How long does it take to sell a home in 76574, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
58 Days37 Days-36.8%

Summary: Homes in 76574 had an average of 37 days on market in Oct 2024, down by 36.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 76574 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 76574; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% 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 76574, TX

Nearby Markets to 76574, TX