Is 78061, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78061 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78061 was a Seller's Market.

Key Takeaway

78061 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78061, TX

How much do homes in 78061, TX cost?

Median Sold Price

$140,500

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$24,500(-14.8%)

Key Takeaway

Homes in 78061 have sold for 14.8% less than they did a year ago.

Summary: The median home sold price in 78061 was $140,500 in October 2024, down 14.8% from last year, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $95.5K$110K
+15.2%
3 $166.2K$160K
-3.8%
4 $165K$375K
+127.3%
5+ -$180K
N/A

Summary: 78061 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 15.2%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 127.3%, and 5+ bedroom homes did not change.

Housing Supply in 78061, TX

How many homes are available in 78061, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1718+5.9%

Summary: The 78061 real estate market had 18 homes for sale in October 2024, a 5.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 87
-12.5%
4 68
+33.3%
5+ 11
0.0%

Summary: The 78061 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 decreased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was 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 78061, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 78061 in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78061, TX

How long does it take to sell a home in 78061, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
73 Days39 Days-46.8%

Summary: Homes in 78061 had an average of 39 days on market in Oct 2024, down by 46.8% compared to last year.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in 78061 has remained consistent over time.

Summary: During October 2024, 1 homes were sold in 78061; 0% of homes were sold within 30 days, 100% 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 17 Days Ago

Newest Listings in 78061, TX

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