Is 78613, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78613 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78613 was a Seller's Market.

Key Takeaway

78613 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 78613, TX

How much do homes in 78613, TX cost?

Median Sold Price

$478,714

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,522(-2.2%)

Key Takeaway

Homes in 78613 have sold for 2.2% less than they did a year ago.

Summary: The median home sold price in 78613 was $478,714 in October 2024, down 2.2% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $355K-
N/A
2 $309.1K$310K
0.3%
3 $405K$397.5K
-1.9%
4 $570.5K$589K
+3.2%
5+ $799K$831K
+4.0%

Summary: 78613 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 increased by 0.3%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 4%.

Median Sold Price Compared To Nearby Zip Codes

78641
+2.2%
78681
+1.6%
78613
-2.2%
78726
-3.0%
78717
-5.5%

Housing Supply in 78613, TX

How many homes are available in 78613, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
280303+8.2%

Summary: The 78613 real estate market had 303 homes for sale in October 2024, a 8.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 97
-22.2%
3 124138
+11.3%
4 115127
+10.4%
5+ 3231
-3.1%

Summary: The 78613 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 decreased by 22.2%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 3.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4645-2.2%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78613, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in 78613 in October 2024, down by 2.2% month-over-month. Of the 45 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.

Days on Market for 78613, TX

How long does it take to sell a home in 78613, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days46 Days+18.5%

Summary: Homes in 78613 had an average of 46 days on market in Oct 2024, up by 18.5% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78613 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 45 homes were sold in 78613; 49% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 22% 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 78613, TX

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