Is 78606, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78606 is a buyer's market

Buyer's
Market

Difference Since December 2023

Since last year, 78606 has remained a Buyer's Market.

Key Takeaway

78606 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78606, TX

How much do homes in 78606, TX cost?

Median Sold Price

$475,000

$246/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$4,500(+1.0%)

Key Takeaway

Homes in 78606 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 78606 was $475,000 in December 2024, up 1% from last year, and the median price per square foot was $246.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $420K$625K
+48.8%
2 $391.5K$372K
-5.0%
3 $467.4K$475K
+1.6%
4 $565K$563K
-0.4%
5+ $650K$525K
-19.2%

Summary: 78606 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.8%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 19.2%.

Median Sold Price Compared To Nearby Zip Codes

78636
+124.7%
78606
+1.0%
78070
-0.5%

Housing Supply in 78606, TX

How many homes are available in 78606, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
96960.0%

Summary: The 78606 real estate market had 96 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 44
0.0%
2 45
+25.0%
3 6462
-3.1%
4 1919
0.0%
5+ 56
+20.0%

Summary: The 78606 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 increased by 25%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78606, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 78606 in December 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for 78606, TX

How long does it take to sell a home in 78606, TX?

Average Sale Time

Dec 2023Dec 2024CHANGE
142 Days179 Days+25.8%

Summary: Homes in 78606 had an average of 179 days on market in Dec 2024, up by 25.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78606 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 5 homes were sold in 78606; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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 2 Days Ago

Newest Listings in 78606, TX

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