Is 78140, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78140 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 78140 has remained a Buyer's Market.

Key Takeaway

78140 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78140, TX

How much do homes in 78140, TX cost?

Median Sold Price

$199,900

$185/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$162,400(+433.1%)

Key Takeaway

Homes in 78140 have sold for 433.1% more than they did a month ago.

Summary: The median home sold price in 78140 was $199,900 in November 2024, up 433.1% from last month, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $37.5K$199.9K
+433.1%
4 --
N/A
5+ --
N/A

Summary: 78140 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 433.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 78140, TX

How many homes are available in 78140, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1514-6.7%

Summary: The 78140 real estate market had 14 homes for sale in November 2024, a 6.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 77
0.0%
4 33
0.0%
5+ 33
0.0%

Summary: The 78140 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78140, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 78140 in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 78140, TX

How long does it take to sell a home in 78140, TX?

Average Sale Time

Oct 2024Nov 2024CHANGE
78 Days12 Days-84.7%

Summary: Homes in 78140 had an average of 12 days on market in Nov 2024, down by 84.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78140 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 78140; 100% of homes were sold within 30 days, 0% 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 22 Days Ago

Newest Listings in 78140, TX

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