Is 78730, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78730 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78730 was a Neutral Market.

Key Takeaway

78730 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78730, TX

How much do homes in 78730, TX cost?

Median Sold Price

$1,138,000

$354/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$143,000(+14.4%)

Key Takeaway

Homes in 78730 have sold for 14.4% more than they did a year ago.

Summary: The median home sold price in 78730 was $1,138,000 in November 2024, up 14.4% from last year, and the median price per square foot was $354.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $282.5K$240K
-15.0%
2 $365K$377.5K
+3.4%
3 $950K$775K
-18.4%
4 $1.2M$1.3M
+9.8%
5+ $1.6M$1.6M
+2.6%

Summary: 78730 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Zip Codes

78730
+14.4%
78731
+4.3%
78750
+4.1%
78732
+1.2%
78726
-2.6%

Housing Supply in 78730, TX

How many homes are available in 78730, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6251-17.7%

Summary: The 78730 real estate market had 51 homes for sale in November 2024, a 17.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 65
-16.7%
2 1113
+18.2%
3 118
-27.3%
4 2317
-26.1%
5+ 118
-27.3%

Summary: The 78730 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 26.1%, and 5+ bedroom homes decreased by 27.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78730, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 78730 in November 2024, down by 16.7% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for 78730, TX

How long does it take to sell a home in 78730, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
34 Days67 Days+97.4%

Summary: Homes in 78730 had an average of 67 days on market in Nov 2024, up by 97.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78730 has remained consistent over time.

Summary: During November 2024, 10 homes were sold in 78730; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% 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 78730, TX

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