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 October 2023

At the same time last year, 78736 was a Neutral 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

$601,000

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$89,500(-13.0%)

Key Takeaway

Homes in 78736 have sold for 13% less than they did a year ago.

Summary: The median home sold price in 78736 was $601,000 in October 2024, down 13% from last year, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $270K$273.7K
+1.4%
3 $579K$490K
-15.4%
4 $755K$890K
+17.9%
5+ $960K$1.3M
+35.9%

Summary: 78736 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 increased by 1.4%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 35.9%.

Median Sold Price Compared To Nearby Zip Codes

78738
+7.8%
78733
+6.4%
78737
+0.7%
78735
-1.0%
78736
-13.0%

Housing Supply in 78736, TX

How many homes are available in 78736, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
40400.0%

Summary: The 78736 real estate market had 40 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1918
-5.3%
4 1515
0.0%
5+ 23
+50.0%

Summary: The 78736 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 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 78736 in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Oct 2023Oct 2024CHANGE
54 Days53 Days-0.6%

Summary: Homes in 78736 had an average of 53 days on market in Oct 2024, down by 0.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78736 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 78736; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 23 Days Ago

Newest Listings in 78736, TX

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