Is 78666, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78666 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78666 was a Seller's Market.

Key Takeaway

78666 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78666, TX

How much do homes in 78666, TX cost?

Median Sold Price

$350,777

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$10,050(-2.8%)

Key Takeaway

Homes in 78666 have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in 78666 was $350,777 in November 2024, down 2.8% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $124K$140K
+12.9%
2 $300K$419.3K
+39.8%
3 $335.1K$330K
-1.5%
4 $400.2K$375.1K
-6.3%
5+ $508.3K$423.5K
-16.7%

Summary: 78666 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.9%, 2 bedroom homes increased by 39.8%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 16.7%.

Median Sold Price Compared To Nearby Zip Codes

78676
+5.6%
78656
0.0%
78640
-1.4%
78666
-2.8%

Housing Supply in 78666, TX

How many homes are available in 78666, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
536566+5.6%

Summary: The 78666 real estate market had 566 homes for sale in November 2024, a 5.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 98
-11.1%
2 8294
+14.6%
3 216205
-5.1%
4 183201
+9.8%
5+ 4658
+26.1%

Summary: The 78666 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 14.6%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 26.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7145-36.6%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78666, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in 78666 in November 2024, down by 36.6% month-over-month. Of the 45 sold homes, 78% were sold under asking, 13% were sold at asking, and 9% were sold over asking.

Days on Market for 78666, TX

How long does it take to sell a home in 78666, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
113 Days109 Days-4.2%

Summary: Homes in 78666 had an average of 109 days on market in Nov 2024, down by 4.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

23 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78666 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 45 homes were sold in 78666; 16% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 51% 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 78666, TX

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