Is 78642, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78642 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 78642 was a Seller's Market.

Key Takeaway

78642 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78642, TX

How much do homes in 78642, TX cost?

Median Sold Price

$559,199

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$10,549(+1.9%)

Key Takeaway

Homes in 78642 have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in 78642 was $559,199 in December 2024, up 1.9% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $452.7K$494.2K
+9.2%
3 $365K$399.5K
+9.5%
4 $635K$679K
+6.9%
5+ $869.7K$624.8K
-28.2%

Summary: 78642 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 28.2%.

Median Sold Price Compared To Nearby Zip Codes

78641
+3.9%
78642
+1.9%
78628
0.1%
78633
-0.9%

Housing Supply in 78642, TX

How many homes are available in 78642, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
237222-6.3%

Summary: The 78642 real estate market had 222 homes for sale in December 2024, a 6.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 6363
0.0%
4 126118
-6.3%
5+ 4133
-19.5%

Summary: The 78642 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 19.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3230-6.3%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78642, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in 78642 in December 2024, down by 6.3% month-over-month. Of the 30 sold homes, 67% were sold under asking, 27% were sold at asking, and 7% were sold over asking.

Days on Market for 78642, TX

How long does it take to sell a home in 78642, TX?

Average Sale Time

Dec 2023Dec 2024CHANGE
140 Days84 Days-39.8%

Summary: Homes in 78642 had an average of 84 days on market in Dec 2024, down by 39.8% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78642 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 30 homes were sold in 78642; 37% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 30% 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 2 Days Ago

Newest Listings in 78642, TX

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