Is 78734, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78734 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 78734 has remained a Buyer's Market.

Key Takeaway

78734 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78734, TX

How much do homes in 78734, TX cost?

Median Sold Price

$649,966

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$30,033(-4.4%)

Key Takeaway

Homes in 78734 have sold for 4.4% less than they did a year ago.

Summary: The median home sold price in 78734 was $649,966 in November 2024, down 4.4% from last year, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $225K$280K
+24.4%
2 $400K$380K
-5.0%
3 $600K$559K
-6.8%
4 $860K$827K
-3.8%
5+ $1.4M$1.6M
+12.1%

Summary: 78734 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.4%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 12.1%.

Median Sold Price Compared To Nearby Zip Codes

78738
+9.7%
78641
+3.3%
78732
+1.2%
78645
-0.4%
78734
-4.4%

Housing Supply in 78734, TX

How many homes are available in 78734, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
251256+2.0%

Summary: The 78734 real estate market had 256 homes for sale in November 2024, a 2.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 13
+200.0%
2 1111
0.0%
3 115116
+0.9%
4 9089
-1.1%
5+ 3437
+8.8%

Summary: The 78734 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 8.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3221-34.4%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78734, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 78734 in November 2024, down by 34.4% month-over-month. Of the 21 sold homes, 71% were sold under asking, 19% were sold at asking, and 10% were sold over asking.

Days on Market for 78734, TX

How long does it take to sell a home in 78734, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
59 Days81 Days+37.8%

Summary: Homes in 78734 had an average of 81 days on market in Nov 2024, up by 37.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78734 has remained consistent over time.

Summary: During November 2024, 21 homes were sold in 78734; 10% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 29% 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

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