Is 78623, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78623 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 78623 has remained a Buyer's Market.

Key Takeaway

78623 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78623, TX

How much do homes in 78623, TX cost?

Median Sold Price

$908,245

$344/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$353,245(+63.6%)

Key Takeaway

Homes in 78623 have sold for 63.6% more than they did a month ago.

Summary: The median home sold price in 78623 was $908,245 in November 2024, up 63.6% from last month, and the median price per square foot was $344.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $555K-
N/A
4 --
N/A
5+ -$908.2K
N/A

Summary: 78623 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 78623, TX

How many homes are available in 78623, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2526+4.0%

Summary: The 78623 real estate market had 26 homes for sale in November 2024, a 4.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 00
0.0%
3 1515
0.0%
4 78
+14.3%
5+ 22
0.0%

Summary: The 78623 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 remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78623, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 78623 in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78623, TX

How long does it take to sell a home in 78623, TX?

Average Sale Time

Oct 2024Nov 2024CHANGE
136 Days279 Days+104.8%

Summary: Homes in 78623 had an average of 279 days on market in Nov 2024, up by 104.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78623 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 2 homes were sold in 78623; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 22 Days Ago

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