Is 78725, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78725 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78725 was a Seller's Market.

Key Takeaway

78725 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78725, TX

How much do homes in 78725, TX cost?

Median Sold Price

$310,000

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$33,000(-9.6%)

Key Takeaway

Homes in 78725 have sold for 9.6% less than they did a year ago.

Summary: The median home sold price in 78725 was $310,000 in November 2024, down 9.6% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $265K$450K
+69.8%
3 $337.7K$305K
-9.7%
4 $350.5K$354K
+1.0%
5+ $627K$292.5K
-53.3%

Summary: 78725 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 69.8%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 53.3%.

Median Sold Price Compared To Nearby Zip Codes

78617
-1.6%
78721
-7.5%
78725
-9.6%
78724
-10.0%

Housing Supply in 78725, TX

How many homes are available in 78725, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3942+7.7%

Summary: The 78725 real estate market had 42 homes for sale in November 2024, a 7.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 3033
+10.0%
4 88
0.0%
5+ 11
0.0%

Summary: The 78725 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78725, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 78725 in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78725, TX

How long does it take to sell a home in 78725, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
53 Days133 Days+150.5%

Summary: Homes in 78725 had an average of 133 days on market in Nov 2024, up by 150.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78725 has remained consistent over time.

Summary: During November 2024, 2 homes were sold in 78725; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 10 Days Ago

Newest Listings in 78725, TX

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