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 22 Days Ago

Newest Listings in 78626, TX

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