Is 78736, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78736 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 78736 was a Seller's Market.

Key Takeaway

78736 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78736, TX

How much do homes in 78736, TX cost?

Median Sold Price

$613,412

$304/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$56,587(-8.4%)

Key Takeaway

Homes in 78736 have sold for 8.4% less than they did a year ago.

Summary: The median home sold price in 78736 was $613,412 in December 2024, down 8.4% from last year, and the median price per square foot was $304.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $285K$210K
-26.3%
3 $551.5K$492.5K
-10.7%
4 $750K$948K
+26.4%
5+ $975K$1.1M
+16.4%

Summary: 78736 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26.3%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes increased by 16.4%.

Median Sold Price Compared To Nearby Zip Codes

78733
+5.4%
78737
+2.8%
78735
-2.3%
78738
-2.5%
78736
-8.4%

Housing Supply in 78736, TX

How many homes are available in 78736, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3334+3.0%

Summary: The 78736 real estate market had 34 homes for sale in December 2024, a 3.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1514
-6.7%
4 1314
+7.7%
5+ 22
0.0%

Summary: The 78736 housing inventory by bedroom type for December 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 decreased by 6.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78736, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 78736 in December 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 78736, TX

How long does it take to sell a home in 78736, TX?

Average Sale Time

Dec 2023Dec 2024CHANGE
70 Days132 Days+86.2%

Summary: Homes in 78736 had an average of 132 days on market in Dec 2024, up by 86.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78736 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 3 homes were sold in 78736; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 2 Days Ago

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