Is 78626, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78626 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78626 was a Seller's Market.

Key Takeaway

78626 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 78626, TX

How much do homes in 78626, TX cost?

Median Sold Price

$393,375

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$6,625(-1.7%)

Key Takeaway

Homes in 78626 have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in 78626 was $393,375 in October 2024, down 1.7% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $370K$125K
-66.2%
2 $431.4K$403.4K
-6.5%
3 $362.7K$350K
-3.5%
4 $414.7K$419.3K
+1.1%
5+ $545K$498.9K
-8.5%

Summary: 78626 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.2%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 8.5%.

Median Sold Price Compared To Nearby Zip Codes

78634
+1.4%
76537
-0.9%
78626
-1.7%
78665
-7.2%

Housing Supply in 78626, TX

How many homes are available in 78626, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
293299+2.0%

Summary: The 78626 real estate market had 299 homes for sale in October 2024, a 2.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2627
+3.8%
3 125131
+4.8%
4 112113
+0.9%
5+ 3028
-6.7%

Summary: The 78626 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 increased by 3.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3246+43.8%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78626, you may be able to get a good deal. 63% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in 78626 in October 2024, up by 43.8% month-over-month. Of the 46 sold homes, 63% were sold under asking, 26% were sold at asking, and 11% were sold over asking.

Days on Market for 78626, TX

How long does it take to sell a home in 78626, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
72 Days56 Days-21.4%

Summary: Homes in 78626 had an average of 56 days on market in Oct 2024, down by 21.4% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78626 has remained consistent over time.

Summary: During October 2024, 46 homes were sold in 78626; 37% of homes were sold within 30 days, 41% 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 4 Days Ago

Newest Listings in 78626, TX

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