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 November 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

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$19,759(-4.7%)

Key Takeaway

Homes in 78660 have sold for 4.7% less than they did a year ago.

Summary: The median home sold price in 78660 was $400,000 in November 2024, down 4.7% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $297.1K$299K
+0.6%
3 $368.1K$360.2K
-2.2%
4 $459.9K$449.3K
-2.3%
5+ $550.9K$611.2K
+11.0%

Summary: 78660 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 11%.

Median Sold Price Compared To Nearby Zip Codes

78634
+0.6%
78664
-0.8%
78728
-4.1%
78660
-4.7%
78753
-4.7%

Housing Supply in 78660, TX

How many homes are available in 78660, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
464460-0.9%

Summary: The 78660 real estate market had 460 homes for sale in November 2024, a 0.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 77
0.0%
3 220210
-4.5%
4 189194
+2.6%
5+ 4849
+2.1%

Summary: The 78660 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 remained the same, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 2.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7976-3.8%

Asking Price vs. Sold Price

44 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

14 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. 57.9% of homes here sold below asking price last month.

Summary: A total of 76 homes were sold or pending in 78660 in November 2024, down by 3.8% month-over-month. Of the 76 sold homes, 58% were sold under asking, 24% were sold at asking, and 18% 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

Nov 2023Nov 2024CHANGE
58 Days55 Days-4.9%

Summary: Homes in 78660 had an average of 55 days on market in Nov 2024, down by 4.9% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

20 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 November 2024, 76 homes were sold in 78660; 49% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 26% 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 22 Days Ago

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