Is 78644, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78644 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78644 was a Seller's Market.

Key Takeaway

78644 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 78644, TX

How much do homes in 78644, TX cost?

Median Sold Price

$301,990

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$8,505(-2.7%)

Key Takeaway

Homes in 78644 have sold for 2.7% less than they did a year ago.

Summary: The median home sold price in 78644 was $301,990 in October 2024, down 2.7% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $249.3K$297.5K
+19.3%
2 $312.5K$210K
-32.8%
3 $285K$289.9K
+1.8%
4 $330.1K$322.9K
-2.2%
5+ $445K$995K
+123.6%

Summary: 78644 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.3%, 2 bedroom homes decreased by 32.8%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 123.6%.

Median Sold Price Compared To Nearby Zip Codes

78656
+2.8%
78644
-2.7%
78616
-5.3%

Housing Supply in 78644, TX

How many homes are available in 78644, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9588-7.4%

Summary: The 78644 real estate market had 88 homes for sale in October 2024, a 7.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1111
0.0%
3 5048
-4.0%
4 2824
-14.3%
5+ 43
-25.0%

Summary: The 78644 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 decreased by 4%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2013-35.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78644, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 78644 in October 2024, down by 35.0% month-over-month. Of the 13 sold homes, 85% were sold under asking, 15% were sold at asking, and 0% were sold over asking.

Days on Market for 78644, TX

How long does it take to sell a home in 78644, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days74 Days+116.4%

Summary: Homes in 78644 had an average of 74 days on market in Oct 2024, up by 116.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78644 has remained consistent over time.

Summary: During October 2024, 13 homes were sold in 78644; 15% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 38% 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 78644, TX

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