Is 78657, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78657 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78657 was a Seller's Market.

Key Takeaway

78657 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78657, TX

How much do homes in 78657, TX cost?

Median Sold Price

$524,250

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$23,960(-4.4%)

Key Takeaway

Homes in 78657 have sold for 4.4% less than they did a year ago.

Summary: The median home sold price in 78657 was $524,250 in October 2024, down 4.4% from last year, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $323.5K$372.5K
+15.1%
2 $342.5K$397.5K
+16.1%
3 $525K$518.5K
-1.2%
4 $973.5K$1.7M
+74.6%
5+ $4.5M$1.3M
-69.4%

Summary: 78657 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.1%, 2 bedroom homes increased by 16.1%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 74.6%, and 5+ bedroom homes decreased by 69.4%.

Median Sold Price Compared To Nearby Zip Codes

78657
-4.4%
78654
-16.2%

Housing Supply in 78657, TX

How many homes are available in 78657, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
199231+16.1%

Summary: The 78657 real estate market had 231 homes for sale in October 2024, a 16.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 56
+20.0%
2 2733
+22.2%
3 94106
+12.8%
4 5363
+18.9%
5+ 2023
+15.0%

Summary: The 78657 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 15%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1221+75.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78657, you may be able to get a good deal. 81% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 78657 in October 2024, up by 75.0% month-over-month. Of the 21 sold homes, 81% were sold under asking, 19% were sold at asking, and 0% were sold over asking.

Days on Market for 78657, TX

How long does it take to sell a home in 78657, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
100 Days156 Days+56.5%

Summary: Homes in 78657 had an average of 156 days on market in Oct 2024, up by 56.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78657 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 21 homes were sold in 78657; 5% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 67% 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 16 Days Ago

Newest Listings in 78657, TX

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