Is 78260, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78260 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 78260 was a Seller's Market.

Key Takeaway

78260 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78260, TX

How much do homes in 78260, TX cost?

Median Sold Price

$512,976

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$22,873(-4.3%)

Key Takeaway

Homes in 78260 have sold for 4.3% less than they did a year ago.

Summary: The median home sold price in 78260 was $512,976 in December 2024, down 4.3% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $362K-
N/A
2 $317.2K$449K
+41.5%
3 $417K$379K
-9.1%
4 $580K$563.7K
-2.8%
5+ $705K$723.7K
+2.7%

Summary: 78260 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.5%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Zip Codes

78257
+4.7%
78258
-1.2%
78163
-1.9%
78261
-3.0%
78260
-4.3%

Housing Supply in 78260, TX

How many homes are available in 78260, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
267251-6.0%

Summary: The 78260 real estate market had 251 homes for sale in December 2024, a 6.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 75
-28.6%
3 7872
-7.7%
4 143136
-4.9%
5+ 3938
-2.6%

Summary: The 78260 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 2.6%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
5033-34.0%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78260, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in 78260 in December 2024, down by 34.0% month-over-month. Of the 33 sold homes, 64% were sold under asking, 24% were sold at asking, and 12% were sold over asking.

Days on Market for 78260, TX

How long does it take to sell a home in 78260, TX?

Average Sale Time

Dec 2023Dec 2024CHANGE
85 Days100 Days+17.6%

Summary: Homes in 78260 had an average of 100 days on market in Dec 2024, up by 17.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78260 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 33 homes were sold in 78260; 18% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 48% 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

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