Is 78624, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78624 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78624 was a Neutral Market.

Key Takeaway

78624 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78624, TX

How much do homes in 78624, TX cost?

Median Sold Price

$578,250

$328/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$33,300(+6.1%)

Key Takeaway

Homes in 78624 have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in 78624 was $578,250 in November 2024, up 6.1% from last year, and the median price per square foot was $328.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$391.2K
N/A
2 $408K$435K
+6.6%
3 $483.5K$510K
+5.5%
4 $785K$850K
+8.3%
5+ $877.5K$1.6M
+92.3%

Summary: 78624 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 increased by 6.6%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 92.3%.

Housing Supply in 78624, TX

How many homes are available in 78624, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
127135+6.3%

Summary: The 78624 real estate market had 135 homes for sale in November 2024, a 6.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 25
+150.0%
2 1313
0.0%
3 5457
+5.6%
4 3839
+2.6%
5+ 2021
+5.0%

Summary: The 78624 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10100.0%

Asking Price vs. Sold Price

6 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 78624, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 78624 in November 2024, the same as the previous month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78624, TX

How long does it take to sell a home in 78624, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
104 Days151 Days+45.4%

Summary: Homes in 78624 had an average of 151 days on market in Nov 2024, up by 45.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78624 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 10 homes were sold in 78624; 10% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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

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