Is 78654, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78654 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78654 was a Seller's Market.

Key Takeaway

78654 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78654, TX

How much do homes in 78654, TX cost?

Median Sold Price

$397,500

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$63,000(-13.7%)

Key Takeaway

Homes in 78654 have sold for 13.7% less than they did a year ago.

Summary: The median home sold price in 78654 was $397,500 in November 2024, down 13.7% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $154.9K$325K
+109.7%
2 $336.2K$250K
-25.7%
3 $420K$407.5K
-3.0%
4 $686.7K$377.4K
-45.0%
5+ $830K$750K
-9.6%

Summary: 78654 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 109.7%, 2 bedroom homes decreased by 25.7%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 45%, and 5+ bedroom homes decreased by 9.6%.

Median Sold Price Compared To Nearby Zip Codes

78611
+10.6%
78657
+8.1%
78669
-2.1%
78654
-13.7%

Housing Supply in 78654, TX

How many homes are available in 78654, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
170184+8.2%

Summary: The 78654 real estate market had 184 homes for sale in November 2024, a 8.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 1317
+30.8%
3 96104
+8.3%
4 4951
+4.1%
5+ 99
0.0%

Summary: The 78654 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 increased by 30.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2523-8.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78654, you may be able to get a good deal. 73.9% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 78654 in November 2024, down by 8.0% month-over-month. Of the 23 sold homes, 74% were sold under asking, 26% were sold at asking, and 0% were sold over asking.

Days on Market for 78654, TX

How long does it take to sell a home in 78654, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
73 Days81 Days+11.3%

Summary: Homes in 78654 had an average of 81 days on market in Nov 2024, up by 11.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78654 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 78654; 35% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 39% 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 18 Days Ago

Newest Listings in 78654, TX

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