Is 78639, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78639 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78639 was a Seller's Market.

Key Takeaway

78639 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78639, TX

How much do homes in 78639, TX cost?

Median Sold Price

$807,500

$343/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,500(+0.3%)

Key Takeaway

The sold price of homes in 78639 has remained the same since last year.

Summary: The median home sold price in 78639 was $807,500 in October 2024, up 0.3% from last year, and the median price per square foot was $343.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $185K$248.4K
+34.3%
2 $481K$478K
-0.6%
3 $523K$470K
-10.1%
4 $1.8M$976.2K
-47.9%
5+ $2.5M$3.0M
+23.6%

Summary: 78639 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.3%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes decreased by 47.9%, and 5+ bedroom homes increased by 23.6%.

Median Sold Price Compared To Nearby Zip Codes

78611
+9.1%
78639
0.3%
78654
-16.2%

Housing Supply in 78639, TX

How many homes are available in 78639, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7792+19.5%

Summary: The 78639 real estate market had 92 homes for sale in October 2024, a 19.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 912
+33.3%
3 2831
+10.7%
4 2126
+23.8%
5+ 1722
+29.4%

Summary: The 78639 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 29.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78639, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 78639 in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.

Days on Market for 78639, TX

How long does it take to sell a home in 78639, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days86 Days+123.2%

Summary: Homes in 78639 had an average of 86 days on market in Oct 2024, up by 123.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78639 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 8 homes were sold in 78639; 38% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 50% 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 24 Days Ago

Newest Listings in 78639, TX

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