Is 78737, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78737 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78737 was a Seller's Market.

Key Takeaway

78737 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 78737, TX

How much do homes in 78737, TX cost?

Median Sold Price

$840,663

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$40,338(+5.0%)

Key Takeaway

Homes in 78737 have sold for 5% more than they did a year ago.

Summary: The median home sold price in 78737 was $840,663 in November 2024, up 5% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $533.9K$510K
-4.5%
3 $655K$633.3K
-3.3%
4 $847K$825K
-2.6%
5+ $945K$1.0M
+5.8%

Summary: 78737 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Zip Codes

78737
+5.0%
78739
-3.0%
78749
-3.7%
78619
-8.1%
78736
-10.4%

Housing Supply in 78737, TX

How many homes are available in 78737, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
134126-6.0%

Summary: The 78737 real estate market had 126 homes for sale in November 2024, a 6.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2727
0.0%
4 7470
-5.4%
5+ 3329
-12.1%

Summary: The 78737 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 12.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1521+40.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78737, you may be able to get a good deal. 81% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 78737 in November 2024, up by 40.0% month-over-month. Of the 21 sold homes, 81% were sold under asking, 19% were sold at asking, and 0% were sold over asking.

Days on Market for 78737, TX

How long does it take to sell a home in 78737, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
78 Days89 Days+14.1%

Summary: Homes in 78737 had an average of 89 days on market in Nov 2024, up by 14.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78737 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 21 homes were sold in 78737; 29% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 48% 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 22 Days Ago

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