$750,000
0.18 Acres
Land
Eric Pugatch, Listing Office: Compass RE Texas, LLC
Is 78705, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, 78705 has remained a Seller's Market.
Key Takeaway
78705 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 78705, TX
How much do homes in 78705, TX cost?
Median Sold Price
$343,450
$409/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$8,450(+2.5%)
Key Takeaway
Homes in 78705 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 78705 was $343,450 in August 2024, up 2.5% from last year, and the median price per square foot was $409.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $246.2K | $236.2K | -4.1% |
| 2 Bedrooms | $360K | $349.5K | -2.9% |
| 3 Bedrooms | $483K | $475K | -1.7% |
| 4 Bedrooms | $1.0M | $947.5K | -12.8% |
| 5+ Bedrooms | $925K | $1.1M | +28.3% |
Summary: 78705 housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes increased by 28.3%.
Housing Supply in 78705, TX
How many homes are available in 78705, TX?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 137 | 136 | -0.7% |
Summary: The 78705 real estate market had 136 homes for sale in August 2024, a 0.7% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 34 | 35 | +2.9% |
| 2 Bedrooms | 64 | 61 | -4.7% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 78705 housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 78705, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 78705 in August 2024, up by 8.0% month-over-month. Of the 27 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for 78705, TX
How long does it take to sell a home in 78705, TX?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 31 Days | 49 Days | +53.4% |
Summary: Homes in 78705 had an average of 49 days on market in Aug 2024, up by 53.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 78705 are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 27 homes were sold in 78705; 48% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.