Is 78660, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78660 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78660 was a Seller's Market.

Key Takeaway

78660 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 78660, TX

How much do homes in 78660, TX cost?

Median Sold Price

$400,000

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$20,000(-4.8%)

Key Takeaway

Homes in 78660 have sold for 4.8% less than they did a year ago.

Summary: The median home sold price in 78660 was $400,000 in October 2024, down 4.8% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $294.4K$299K
+1.6%
3 $368.2K$364.7K
-1.0%
4 $466K$444.1K
-4.7%
5+ $550.9K$632K
+14.7%

Summary: 78660 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 14.7%.

Median Sold Price Compared To Nearby Zip Codes

78634
+1.4%
78664
-1.4%
78728
-3.5%
78753
-4.2%
78660
-4.8%

Housing Supply in 78660, TX

How many homes are available in 78660, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
467483+3.4%

Summary: The 78660 real estate market had 483 homes for sale in October 2024, a 3.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 88
0.0%
3 219228
+4.1%
4 186198
+6.5%
5+ 5449
-9.3%

Summary: The 78660 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 9.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
78780.0%

Asking Price vs. Sold Price

44 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78660, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 78 homes were sold or pending in 78660 in October 2024, the same as the previous month. Of the 77 sold homes, 57% were sold under asking, 23% were sold at asking, and 19% were sold over asking.

Days on Market for 78660, TX

How long does it take to sell a home in 78660, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
50 Days52 Days+3.8%

Summary: Homes in 78660 had an average of 52 days on market in Oct 2024, up by 3.8% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78660 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 78 homes were sold in 78660; 46% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 19% 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 78660, TX

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