Is 78665, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78665 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 78665 has remained a Seller's Market.

Key Takeaway

78665 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78665, TX

How much do homes in 78665, TX cost?

Median Sold Price

$410,000

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$31,931(-7.2%)

Key Takeaway

Homes in 78665 have sold for 7.2% less than they did a year ago.

Summary: The median home sold price in 78665 was $410,000 in October 2024, down 7.2% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$475.9K
N/A
2 $320.7K$343.9K
+7.2%
3 $388.5K$375K
-3.5%
4 $486.2K$466.2K
-4.1%
5+ $635.6K$625K
-1.7%

Summary: 78665 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 7.2%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 1.7%.

Median Sold Price Compared To Nearby Zip Codes

78634
+1.4%
78628
-0.7%
78664
-1.4%
78626
-1.7%
78665
-7.2%

Housing Supply in 78665, TX

How many homes are available in 78665, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
260262+0.8%

Summary: The 78665 real estate market had 262 homes for sale in October 2024, a 0.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 12
+100.0%
3 121124
+2.5%
4 108108
0.0%
5+ 2928
-3.4%

Summary: The 78665 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 2.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 3.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4754+14.9%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78665, you may be able to get a good deal. 74.1% of homes here sold below asking price last month.

Summary: A total of 54 homes were sold or pending in 78665 in October 2024, up by 14.9% month-over-month. Of the 54 sold homes, 74% were sold under asking, 19% were sold at asking, and 7% were sold over asking.

Days on Market for 78665, TX

How long does it take to sell a home in 78665, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
50 Days66 Days+31.9%

Summary: Homes in 78665 had an average of 66 days on market in Oct 2024, up by 31.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78665 has remained consistent over time.

Summary: During October 2024, 54 homes were sold in 78665; 26% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 22% 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

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