Is 78729, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78729 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78729 was a Seller's Market.

Key Takeaway

78729 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 78729, TX

How much do homes in 78729, TX cost?

Median Sold Price

$467,875

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$26,525(-5.4%)

Key Takeaway

Homes in 78729 have sold for 5.4% less than they did a year ago.

Summary: The median home sold price in 78729 was $467,875 in October 2024, down 5.4% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $325K$322.5K
-0.8%
3 $457.5K$429.8K
-6.1%
4 $530K$502.5K
-5.2%
5+ $627.5K$665K
+6.0%

Summary: 78729 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 0.8%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Zip Codes

78750
+5.7%
78727
0.4%
78728
-3.5%
78729
-5.4%
78717
-5.5%

Housing Supply in 78729, TX

How many homes are available in 78729, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8890+2.3%

Summary: The 78729 real estate market had 90 homes for sale in October 2024, a 2.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 55
0.0%
3 5251
-1.9%
4 2727
0.0%
5+ 47
+75.0%

Summary: The 78729 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 remained the same, 3 bedroom homes decreased by 1.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15150.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78729, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 78729 in October 2024, the same as the previous month. Of the 15 sold homes, 80% were sold under asking, 7% were sold at asking, and 13% were sold over asking.

Days on Market for 78729, TX

How long does it take to sell a home in 78729, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days59 Days+58.9%

Summary: Homes in 78729 had an average of 59 days on market in Oct 2024, up by 58.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78729 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 78729; 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 78729, TX

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