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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78260 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 78260 has remained a Seller's Market.

Key Takeaway

78260 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78260, TX

How much do homes in 78260, TX cost?

Median Sold Price

$525,007

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,265(-1.9%)

Key Takeaway

Homes in 78260 have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in 78260 was $525,007 in October 2024, down 1.9% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$362K
N/A
2 $286K$449K
+57.0%
3 $408.5K$383.4K
-6.1%
4 $584.2K$576K
-1.4%
5+ $690K$737.5K
+6.9%

Summary: 78260 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 57%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 6.9%.

Median Sold Price Compared To Nearby Zip Codes

78257
+1.3%
78258
0%
78163
0.0%
78260
-1.9%
78261
-3.7%

Housing Supply in 78260, TX

How many homes are available in 78260, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
303319+5.3%

Summary: The 78260 real estate market had 319 homes for sale in October 2024, a 5.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 93100
+7.5%
4 157167
+6.4%
5+ 4745
-4.3%

Summary: The 78260 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 16.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 4.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3754+45.9%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

18 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. 59.3% of homes here sold below asking price last month.

Summary: A total of 54 homes were sold or pending in 78260 in October 2024, up by 45.9% month-over-month. Of the 54 sold homes, 59% were sold under asking, 33% were sold at asking, and 7% 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

Oct 2023Oct 2024CHANGE
59 Days62 Days+6.6%

Summary: Homes in 78260 had an average of 62 days on market in Oct 2024, up by 6.6% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78260 has remained consistent over time.

Summary: During October 2024, 54 homes were sold in 78260; 30% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 28% 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 78260, TX

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