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 November 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

$380,070

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$2,415(+0.6%)

Key Takeaway

Homes in 78634 have sold for 0.6% more than they did a year ago.

Summary: The median home sold price in 78634 was $380,070 in November 2024, up 0.6% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $210K-
N/A
2 $273.7K$331.1K
+21.0%
3 $345K$349.3K
+1.2%
4 $396.9K$395K
-0.5%
5+ $466.7K$475K
+1.8%

Summary: 78634 housing prices by bedroom type for November 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 1.2%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 1.8%.

Median Sold Price Compared To Nearby Zip Codes

78634
+0.6%
78664
-0.8%
78626
-1.3%
76574
-3.3%
78660
-4.7%

Housing Supply in 78634, TX

How many homes are available in 78634, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
342316-7.6%

Summary: The 78634 real estate market had 316 homes for sale in November 2024, a 7.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 138130
-5.8%
4 164154
-6.1%
5+ 3326
-21.2%

Summary: The 78634 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 decreased by 14.3%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 21.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7753-31.2%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

12 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. 52.8% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in 78634 in November 2024, down by 31.2% month-over-month. Of the 53 sold homes, 53% were sold under asking, 23% were sold at asking, and 25% 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

Nov 2023Nov 2024CHANGE
61 Days52 Days-14.5%

Summary: Homes in 78634 had an average of 52 days on market in Nov 2024, down by 14.5% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

8 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 November 2024, 53 homes were sold in 78634; 36% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 15% 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 78634, TX

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