Is 78653, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78653 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78653 was a Seller's Market.

Key Takeaway

78653 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78653, TX

How much do homes in 78653, TX cost?

Median Sold Price

$345,329

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$4,670(-1.3%)

Key Takeaway

Homes in 78653 have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in 78653 was $345,329 in November 2024, down 1.3% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $219.6K$180K
-18.0%
2 $289K$285K
-1.4%
3 $322.6K$312K
-3.3%
4 $389.9K$377.5K
-3.2%
5+ $464.6K$438K
-5.7%

Summary: 78653 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 5.7%.

Median Sold Price Compared To Nearby Zip Codes

78754
-0.2%
78653
-1.3%
78660
-4.7%
78725
-9.6%
78724
-10.0%

Housing Supply in 78653, TX

How many homes are available in 78653, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
277281+1.4%

Summary: The 78653 real estate market had 281 homes for sale in November 2024, a 1.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 65
-16.7%
3 128129
+0.8%
4 115122
+6.1%
5+ 2623
-11.5%

Summary: The 78653 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 11.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4032-20.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78653, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 78653 in November 2024, down by 20.0% month-over-month. Of the 32 sold homes, 56% were sold under asking, 31% were sold at asking, and 13% were sold over asking.

Days on Market for 78653, TX

How long does it take to sell a home in 78653, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
58 Days60 Days+3.0%

Summary: Homes in 78653 had an average of 60 days on market in Nov 2024, up by 3% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78653 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 32 homes were sold in 78653; 44% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 16% 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 17 Days Ago

Newest Listings in 78653, TX

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