Is 78728, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78728 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78728 was a Neutral Market.

Key Takeaway

78728 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78728, TX

How much do homes in 78728, TX cost?

Median Sold Price

$440,000

$244/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$15,750(-3.5%)

Key Takeaway

Homes in 78728 have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in 78728 was $440,000 in October 2024, down 3.5% from last year, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $331.2K$313.5K
-5.4%
3 $445K$430K
-3.4%
4 $516.2K$490K
-5.1%
5+ $603K$540K
-10.4%

Summary: 78728 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 decreased by 3.4%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 10.4%.

Median Sold Price Compared To Nearby Zip Codes

78727
0.4%
78664
-1.4%
78728
-3.5%
78660
-4.8%
78729
-5.4%

Housing Supply in 78728, TX

How many homes are available in 78728, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4951+4.1%

Summary: The 78728 real estate market had 51 homes for sale in October 2024, a 4.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 3029
-3.3%
4 1418
+28.6%
5+ 22
0.0%

Summary: The 78728 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 decreased by 33.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
910+11.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78728, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 78728 in October 2024, up by 11.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.

Days on Market for 78728, TX

How long does it take to sell a home in 78728, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days51 Days+71.3%

Summary: Homes in 78728 had an average of 51 days on market in Oct 2024, up by 71.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78728 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 78728; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 78728, TX

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