Is 78073, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78073 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 78073 has remained a Seller's Market.

Key Takeaway

78073 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78073, TX

How much do homes in 78073, TX cost?

Median Sold Price

$288,475

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$6,425(-2.2%)

Key Takeaway

Homes in 78073 have sold for 2.2% less than they did a year ago.

Summary: The median home sold price in 78073 was $288,475 in October 2024, down 2.2% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $183.5K$130K
-29.2%
3 $275.9K$269K
-2.5%
4 $318.4K$305.9K
-3.9%
5+ $336.7K$341.9K
+1.5%

Summary: 78073 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 29.2%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 1.5%.

Median Sold Price Compared To Nearby Zip Codes

78224
0%
78073
-2.2%
78264
-3.3%

Housing Supply in 78073, TX

How many homes are available in 78073, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5955-6.8%

Summary: The 78073 real estate market had 55 homes for sale in October 2024, a 6.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 3832
-15.8%
4 1717
0.0%
5+ 34
+33.3%

Summary: The 78073 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 100%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
711+57.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78073, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 78073 in October 2024, up by 57.1% month-over-month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% were sold over asking.

Days on Market for 78073, TX

How long does it take to sell a home in 78073, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
59 Days81 Days+36.3%

Summary: Homes in 78073 had an average of 81 days on market in Oct 2024, up by 36.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78073 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 11 homes were sold in 78073; 27% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 45% 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 78073, TX

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