Is 78264, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78264 is a neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, 78264 has remained a Neutral Market.

Key Takeaway

78264 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 78264, TX

How much do homes in 78264, TX cost?

Median Sold Price

$208,900

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$7,099(-3.3%)

Key Takeaway

Homes in 78264 have sold for 3.3% less than they did a year ago.

Summary: The median home sold price in 78264 was $208,900 in October 2024, down 3.3% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $239.9K-
N/A
2 $175K$174.9K
-0.1%
3 $204.5K$201K
-1.7%
4 $230.9K$293.9K
+27.3%
5+ $309.9K$325K
+4.9%

Summary: 78264 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 0.1%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 4.9%.

Median Sold Price Compared To Nearby Zip Codes

78221
+3.2%
78224
0%
78073
-2.2%
78264
-3.3%
78112
-7.4%

Housing Supply in 78264, TX

How many homes are available in 78264, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4651+10.9%

Summary: The 78264 real estate market had 51 homes for sale in October 2024, a 10.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 3032
+6.7%
4 1215
+25.0%
5+ 33
0.0%

Summary: The 78264 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 remained the same, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78264, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in 78264 in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for 78264, TX

How long does it take to sell a home in 78264, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
73 Days63 Days-13.8%

Summary: Homes in 78264 had an average of 63 days on market in Oct 2024, down by 13.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78264 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 78264; 63% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 38% 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 78264, TX

Nearby Markets to 78264, TX