Is 78065, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78065 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 78065 has remained a Buyer's Market.

Key Takeaway

78065 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78065, TX

How much do homes in 78065, TX cost?

Median Sold Price

$323,450

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,450(+7.8%)

Key Takeaway

Homes in 78065 have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in 78065 was $323,450 in October 2024, up 7.8% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $36K$352K
+877.8%
2 $125K$225K
+80.0%
3 $300K$323.4K
+7.8%
4 $357K$384K
+7.6%
5+ --
N/A

Summary: 78065 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 877.8%, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

78065
+7.8%
78052
+2.5%
78073
-2.2%
78264
-3.3%

Housing Supply in 78065, TX

How many homes are available in 78065, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3944+12.8%

Summary: The 78065 real estate market had 44 homes for sale in October 2024, a 12.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 13
+200.0%
2 33
0.0%
3 1518
+20.0%
4 1615
-6.3%
5+ 45
+25.0%

Summary: The 78065 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
550.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78065, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 78065 in October 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for 78065, TX

How long does it take to sell a home in 78065, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
74 Days77 Days+4.2%

Summary: Homes in 78065 had an average of 77 days on market in Oct 2024, up by 4.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78065 has remained consistent over time.

Summary: During October 2024, 5 homes were sold in 78065; 20% of homes were sold within 30 days, 40% 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 21 Days Ago

Newest Listings in 78065, TX

Nearby Markets to 78065, TX