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 21 Days Ago

Newest Listings in 78727, TX

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