Is 78676, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78676 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 78676 has remained a Buyer's Market.

Key Takeaway

78676 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78676, TX

How much do homes in 78676, TX cost?

Median Sold Price

$540,416

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,916(+1.9%)

Key Takeaway

Homes in 78676 have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in 78676 was $540,416 in October 2024, up 1.9% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $566.2K$455K
-19.6%
2 $445K$448K
+0.7%
3 $475K$470.2K
-1.0%
4 $709.9K$754.5K
+6.3%
5+ $995K$1.3M
+30.6%

Summary: 78676 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.6%, 2 bedroom homes increased by 0.7%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 30.6%.

Median Sold Price Compared To Nearby Zip Codes

78623
+11.9%
78676
+1.9%
78640
-1.7%
78666
-2.3%
78619
-6.8%

Housing Supply in 78676, TX

How many homes are available in 78676, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
207209+1.0%

Summary: The 78676 real estate market had 209 homes for sale in October 2024, a 1.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 2320
-13.0%
3 10199
-2.0%
4 5559
+7.3%
5+ 2630
+15.4%

Summary: The 78676 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 13%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 15.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3419-44.1%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78676, you may be able to get a good deal. 84.2% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 78676 in October 2024, down by 44.1% month-over-month. Of the 19 sold homes, 84% were sold under asking, 16% were sold at asking, and 0% were sold over asking.

Days on Market for 78676, TX

How long does it take to sell a home in 78676, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
69 Days98 Days+41.8%

Summary: Homes in 78676 had an average of 98 days on market in Oct 2024, up by 41.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78676 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 19 homes were sold in 78676; 32% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 47% 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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