Is 78727, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78727 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 78727 has remained a Seller's Market.

Key Takeaway

78727 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78727, TX

How much do homes in 78727, TX cost?

Median Sold Price

$502,000

$277/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,000(+0.4%)

Key Takeaway

The sold price of homes in 78727 has remained the same since last year.

Summary: The median home sold price in 78727 was $502,000 in October 2024, up 0.4% from last year, and the median price per square foot was $277.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $345K$326.2K
-5.4%
3 $468.7K$478K
+2.0%
4 $570.7K$590K
+3.4%
5+ $645K$642K
-0.5%

Summary: 78727 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 5.4%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 0.5%.

Median Sold Price Compared To Nearby Zip Codes

78727
0.4%
78758
0.1%
78759
-0.3%
78728
-3.5%
78729
-5.4%

Housing Supply in 78727, TX

How many homes are available in 78727, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6875+10.3%

Summary: The 78727 real estate market had 75 homes for sale in October 2024, a 10.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 4346
+7.0%
4 1922
+15.8%
5+ 33
0.0%

Summary: The 78727 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 33.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1516+6.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78727, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 78727 in October 2024, up by 6.7% month-over-month. Of the 16 sold homes, 56% were sold under asking, 31% were sold at asking, and 13% were sold over asking.

Days on Market for 78727, TX

How long does it take to sell a home in 78727, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days48 Days+29.6%

Summary: Homes in 78727 had an average of 48 days on market in Oct 2024, up by 29.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78727 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in 78727; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% 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 78727, TX

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