Is 78739, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78739 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 78739 has remained a Seller's Market.

Key Takeaway

78739 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78739, TX

How much do homes in 78739, TX cost?

Median Sold Price

$800,000

$292/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$25,000(-3.0%)

Key Takeaway

Homes in 78739 have sold for 3% less than they did a year ago.

Summary: The median home sold price in 78739 was $800,000 in November 2024, down 3% from last year, and the median price per square foot was $292.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $435K$659K
+51.5%
3 $655.4K$665K
+1.5%
4 $854.4K$803K
-6.0%
5+ $1.0M$917K
-10.1%

Summary: 78739 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 increased by 51.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 10.1%.

Median Sold Price Compared To Nearby Zip Codes

78737
+5.0%
78652
+1.5%
78748
-2.7%
78739
-3.0%
78749
-3.7%

Housing Supply in 78739, TX

How many homes are available in 78739, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6452-18.8%

Summary: The 78739 real estate market had 52 homes for sale in November 2024, a 18.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1516
+6.7%
4 3930
-23.1%
5+ 106
-40.0%

Summary: The 78739 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 increased by 6.7%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2213-40.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78739, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 78739 in November 2024, down by 40.9% month-over-month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% were sold over asking.

Days on Market for 78739, TX

How long does it take to sell a home in 78739, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days27 Days+7.7%

Summary: Homes in 78739 had an average of 27 days on market in Nov 2024, up by 7.7% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78739 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 13 homes were sold in 78739; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% 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

Newest Listings in 78739, TX

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