Is 78645, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78645 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78645 was a Neutral Market.

Key Takeaway

78645 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78645, TX

How much do homes in 78645, TX cost?

Median Sold Price

$447,625

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$1,875(-0.4%)

Key Takeaway

The sold price of homes in 78645 has remained the same since last year.

Summary: The median home sold price in 78645 was $447,625 in November 2024, down 0.4% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $193.5K$199.5K
+3.1%
2 $300.8K$299K
-0.6%
3 $415K$420K
+1.2%
4 $555.5K$549.5K
-1.1%
5+ $842K$785K
-6.8%

Summary: 78645 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 6.8%.

Median Sold Price Compared To Nearby Zip Codes

78641
+3.3%
78645
-0.4%
78669
-2.1%
78734
-4.4%
78654
-13.7%

Housing Supply in 78645, TX

How many homes are available in 78645, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
324355+9.6%

Summary: The 78645 real estate market had 355 homes for sale in November 2024, a 9.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 65
-16.7%
2 2529
+16.0%
3 157173
+10.2%
4 101111
+9.9%
5+ 3537
+5.7%

Summary: The 78645 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 5.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3023-23.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78645, you may be able to get a good deal. 78.3% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 78645 in November 2024, down by 23.3% month-over-month. Of the 23 sold homes, 78% were sold under asking, 13% were sold at asking, and 9% were sold over asking.

Days on Market for 78645, TX

How long does it take to sell a home in 78645, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
121 Days92 Days-24.5%

Summary: Homes in 78645 had an average of 92 days on market in Nov 2024, down by 24.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78645 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 23 homes were sold in 78645; 26% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 43% 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 21 Days Ago

Newest Listings in 78645, TX

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