Is 78672, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78672 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 78672 was a Neutral Market.

Key Takeaway

78672 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78672, TX

How much do homes in 78672, TX cost?

Median Sold Price

$300,000

$125/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$35,000(-10.4%)

Key Takeaway

Homes in 78672 have sold for 10.4% less than they did a month ago.

Summary: The median home sold price in 78672 was $300,000 in October 2024, down 10.4% from last month, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $335K-
N/A
3 --
N/A
4 -$300K
N/A
5+ --
N/A

Summary: 78672 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

76550
-6.4%
78672
-10.4%

Housing Supply in 78672, TX

How many homes are available in 78672, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1314+7.7%

Summary: The 78672 real estate market had 14 homes for sale in October 2024, a 7.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 43
-25.0%
3 79
+28.6%
4 11
0.0%
5+ 00
0.0%

Summary: The 78672 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 decreased by 25%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78672, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 78672 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 78672, TX

How long does it take to sell a home in 78672, TX?

Average Sale Time

Sep 2024Oct 2024CHANGE
95 Days184 Days+92.7%

Summary: Homes in 78672 had an average of 184 days on market in Oct 2024, up by 92.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78672 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in 78672; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 78672, TX

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