$3,739 Closing Credit*
$314,900
2,722 SqFt
5 Beds
•3 Full Baths
#29761932, JUSTIN LANG, Listing Office: LangStar.com Realty
Is 78550, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 78550 was a Seller's Market.
Key Takeaway
78550 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 78550, TX
How much do homes in 78550, TX cost?
Median Sold Price
$195,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$5,000(+2.6%)
Key Takeaway
Homes in 78550 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 78550 was $195,000 in December 2024, up 2.6% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63K | $51.7K | -17.9% |
| 2 Bedrooms | $130K | $144.6K | +11.3% |
| 3 Bedrooms | $190K | $209K | +10.0% |
| 4 Bedrooms | $275K | $282K | +2.5% |
| 5+ Bedrooms | $418K | $281.5K | -32.7% |
Summary: 78550 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.9%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 32.7%.
Median Sold Price Compared To Nearby Zip Codes
| 78552 | $275K | $290K | +5.5% |
| 78550 | $190K | $195K | +2.6% |
Housing Supply in 78550, TX
How many homes are available in 78550, TX?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 184 | 202 | +9.8% |
Summary: The 78550 real estate market had 202 homes for sale in December 2024, a 9.8% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 112 | 120 | +7.1% |
| 4 Bedrooms | 35 | 42 | +20.0% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The 78550 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 remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 78550, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in 78550 in December 2024, the same as the previous month. Of the 11 sold homes, 36% were sold under asking, 45% were sold at asking, and 18% were sold over asking.
Days on Market for 78550, TX
How long does it take to sell a home in 78550, TX?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 115 Days | 117 Days | +1.7% |
Summary: Homes in 78550 had an average of 117 days on market in Dec 2024, up by 1.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 78550 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 11 homes were sold in 78550; 9% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 64% of homes were sold over 90 days.
