Is 78634, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78634 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 78634 has remained a Seller's Market.

Key Takeaway

78634 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78634, TX

How much do homes in 78634, TX cost?

Median Sold Price

$383,156

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,266(+1.4%)

Key Takeaway

Homes in 78634 have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in 78634 was $383,156 in October 2024, up 1.4% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $327.5K-
N/A
2 $273.7K$331.1K
+21.0%
3 $347K$349.2K
+0.6%
4 $396.6K$397.3K
0.2%
5+ $468.5K$474.9K
+1.4%

Summary: 78634 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 1.4%.

Median Sold Price Compared To Nearby Zip Codes

78634
+1.4%
78664
-1.4%
78626
-1.7%
76574
-4.2%
78660
-4.8%

Housing Supply in 78634, TX

How many homes are available in 78634, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
332336+1.2%

Summary: The 78634 real estate market had 336 homes for sale in October 2024, a 1.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 77
0.0%
3 124131
+5.6%
4 161165
+2.5%
5+ 4033
-17.5%

Summary: The 78634 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 remained the same, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 17.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5970+18.6%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78634, you may be able to get a good deal. 58% of homes here sold below asking price last month.

Summary: A total of 70 homes were sold or pending in 78634 in October 2024, up by 18.6% month-over-month. Of the 69 sold homes, 58% were sold under asking, 23% were sold at asking, and 19% were sold over asking.

Days on Market for 78634, TX

How long does it take to sell a home in 78634, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days64 Days+54.7%

Summary: Homes in 78634 had an average of 64 days on market in Oct 2024, up by 54.7% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78634 has remained consistent over time.

Summary: During October 2024, 70 homes were sold in 78634; 34% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 29% 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 78634, TX

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