Is 78610, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78610 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78610 was a Seller's Market.

Key Takeaway

78610 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78610, TX

How much do homes in 78610, TX cost?

Median Sold Price

$385,000

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$35,575(-8.5%)

Key Takeaway

Homes in 78610 have sold for 8.5% less than they did a year ago.

Summary: The median home sold price in 78610 was $385,000 in November 2024, down 8.5% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $527.5K$340K
-35.5%
3 $370K$354.9K
-4.1%
4 $450K$420K
-6.7%
5+ $557K$584.9K
+5.0%

Summary: 78610 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 35.5%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 5%.

Median Sold Price Compared To Nearby Zip Codes

78652
+1.5%
78747
-1.2%
78640
-1.4%
78619
-8.1%
78610
-8.5%

Housing Supply in 78610, TX

How many homes are available in 78610, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
337317-5.9%

Summary: The 78610 real estate market had 317 homes for sale in November 2024, a 5.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 184169
-8.2%
4 131124
-5.3%
5+ 2224
+9.1%

Summary: The 78610 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.2%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6544-32.3%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78610, you may be able to get a good deal. 70.5% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in 78610 in November 2024, down by 32.3% month-over-month. Of the 44 sold homes, 70% were sold under asking, 11% were sold at asking, and 18% were sold over asking.

Days on Market for 78610, TX

How long does it take to sell a home in 78610, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
66 Days80 Days+20.3%

Summary: Homes in 78610 had an average of 80 days on market in Nov 2024, up by 20.3% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78610 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 44 homes were sold in 78610; 30% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 39% 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 78610, TX

Nearby Markets to 78610, TX