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 Last Month

Since last month, 78624 has remained a Buyer's 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

$3,212,500

$714/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$2,362,500(+277.9%)

Key Takeaway

Homes in 78624 have sold for 277.9% more than they did a month ago.

Summary: The median home sold price in 78624 was $3,212,500 in December 2024, up 277.9% from last month, and the median price per square foot was $714.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $490K$3.2M
+555.6%
4 $850K-
N/A
5+ $2.3M-
N/A

Summary: 78624 housing prices by bedroom type for December 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 increased by 555.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 78624, TX

How many homes are available in 78624, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
121126+4.1%

Summary: The 78624 real estate market had 126 homes for sale in December 2024, a 4.1% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 54
-20.0%
2 1419
+35.7%
3 5053
+6.0%
4 3736
-2.7%
5+ 1514
-6.7%

Summary: The 78624 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
78+14.3%

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

Summary: A total of 8 homes were sold or pending in 78624 in December 2024, up by 14.3% month-over-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 78624, TX

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

Average Sale Time

Nov 2024Dec 2024CHANGE
140 Days88 Days-36.9%

Summary: Homes in 78624 had an average of 88 days on market in Dec 2024, down by 36.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78624 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 8 homes were sold in 78624; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% 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 78624, TX

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