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 October 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

$456,333

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,333(+1.4%)

Key Takeaway

Homes in 78645 have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in 78645 was $456,333 in October 2024, up 1.4% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $193.5K$198K
+2.3%
2 $275K$299.5K
+8.9%
3 $413.3K$422.3K
+2.2%
4 $550K$559K
+1.6%
5+ $725K$785K
+8.3%

Summary: 78645 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 8.3%.

Median Sold Price Compared To Nearby Zip Codes

78641
+2.2%
78645
+1.4%
78669
-0.4%
78734
-4.4%
78654
-16.2%

Housing Supply in 78645, TX

How many homes are available in 78645, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
333372+11.7%

Summary: The 78645 real estate market had 372 homes for sale in October 2024, a 11.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 78
+14.3%
2 2630
+15.4%
3 154171
+11.0%
4 107125
+16.8%
5+ 3938
-2.6%

Summary: The 78645 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes decreased by 2.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2023+15.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

6 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. 65.2% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 78645 in October 2024, up by 15.0% month-over-month. Of the 23 sold homes, 65% were sold under asking, 26% 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

Oct 2023Oct 2024CHANGE
83 Days112 Days+35.5%

Summary: Homes in 78645 had an average of 112 days on market in Oct 2024, up by 35.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

8 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 October 2024, 23 homes were sold in 78645; 22% of homes were sold within 30 days, 35% 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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