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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78610 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 78610 has remained a Seller's Market.

Key Takeaway

78610 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78610, TX

How much do homes in 78610, TX cost?

Median Sold Price

$385,200

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$36,095(-8.6%)

Key Takeaway

Homes in 78610 have sold for 8.6% less than they did a year ago.

Summary: The median home sold price in 78610 was $385,200 in October 2024, down 8.6% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $575K$361.5K
-37.1%
3 $370K$354.9K
-4.1%
4 $459.7K$420K
-8.6%
5+ $558.5K$580K
+3.8%

Summary: 78610 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 37.1%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 3.8%.

Median Sold Price Compared To Nearby Zip Codes

78652
+4.5%
78747
-1.1%
78640
-1.7%
78619
-6.8%
78610
-8.6%

Housing Supply in 78610, TX

How many homes are available in 78610, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
337342+1.5%

Summary: The 78610 real estate market had 342 homes for sale in October 2024, a 1.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 173190
+9.8%
4 140129
-7.9%
5+ 2423
-4.2%

Summary: The 78610 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 9.8%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 4.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
59590.0%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

12 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. 66.1% of homes here sold below asking price last month.

Summary: A total of 59 homes were sold or pending in 78610 in October 2024, the same as the previous month. Of the 59 sold homes, 66% were sold under asking, 20% were sold at asking, and 14% 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

Oct 2023Oct 2024CHANGE
63 Days63 Days-0.5%

Summary: Homes in 78610 had an average of 63 days on market in Oct 2024, down by 0.5% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

29 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 78610 has remained consistent over time.

Summary: During October 2024, 59 homes were sold in 78610; 25% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 25% 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 78610, TX

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