Is 78681, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78681 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 78681 has remained a Seller's Market.

Key Takeaway

78681 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78681, TX

How much do homes in 78681, TX cost?

Median Sold Price

$541,584

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,538(+1.6%)

Key Takeaway

Homes in 78681 have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in 78681 was $541,584 in October 2024, up 1.6% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$352.2K
N/A
2 $315K$295.7K
-6.1%
3 $413K$432K
+4.6%
4 $620K$604K
-2.6%
5+ $782.3K$745K
-4.8%

Summary: 78681 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 decreased by 6.1%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 4.8%.

Median Sold Price Compared To Nearby Zip Codes

78681
+1.6%
78664
-1.4%
78613
-2.2%
78717
-5.5%
78665
-7.2%

Housing Supply in 78681, TX

How many homes are available in 78681, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
212224+5.7%

Summary: The 78681 real estate market had 224 homes for sale in October 2024, a 5.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 36
+100.0%
3 8189
+9.9%
4 106106
0.0%
5+ 2223
+4.5%

Summary: The 78681 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 increased by 100%, 3 bedroom homes increased by 9.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 4.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4042+5.0%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78681, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in 78681 in October 2024, up by 5.0% month-over-month. Of the 42 sold homes, 71% were sold under asking, 10% were sold at asking, and 19% were sold over asking.

Days on Market for 78681, TX

How long does it take to sell a home in 78681, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days58 Days+47.5%

Summary: Homes in 78681 had an average of 58 days on market in Oct 2024, up by 47.5% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78681 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 42 homes were sold in 78681; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 24% 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

Newest Listings in 78681, TX

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