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 November 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

$394,684

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$5,305(-1.3%)

Key Takeaway

Homes in 78626 have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in 78626 was $394,684 in November 2024, down 1.3% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $370K$125K
-66.2%
2 $427.3K$405.9K
-5.0%
3 $356.4K$350K
-1.8%
4 $415K$418.8K
+0.9%
5+ $545K$498.4K
-8.5%

Summary: 78626 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.2%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 8.5%.

Median Sold Price Compared To Nearby Zip Codes

78634
+0.6%
78626
-1.3%
76537
-1.3%
78665
-7.3%

Housing Supply in 78626, TX

How many homes are available in 78626, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
309289-6.5%

Summary: The 78626 real estate market had 289 homes for sale in November 2024, a 6.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 2829
+3.6%
3 132123
-6.8%
4 115105
-8.7%
5+ 3331
-6.1%

Summary: The 78626 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 increased by 3.6%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 6.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5247-9.6%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 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. 74.5% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in 78626 in November 2024, down by 9.6% month-over-month. Of the 47 sold homes, 74% were sold under asking, 13% were sold at asking, and 13% 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

Nov 2023Nov 2024CHANGE
56 Days63 Days+12.5%

Summary: Homes in 78626 had an average of 63 days on market in Nov 2024, up by 12.5% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78626 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 47 homes were sold in 78626; 43% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 28% 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

Newest Listings in 78626, TX

Nearby Markets to 78626, TX