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 4 Days Ago

Newest Listings in 78660, TX

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