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 October 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

$803,333

$293/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$21,666(-2.6%)

Key Takeaway

Homes in 78739 have sold for 2.6% less than they did a year ago.

Summary: The median home sold price in 78739 was $803,333 in October 2024, down 2.6% from last year, and the median price per square foot was $293.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$547K
N/A
3 $655.9K$660.5K
+0.7%
4 $859K$806K
-6.2%
5+ $1.0M$914K
-10.4%

Summary: 78739 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 did not change, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 10.4%.

Median Sold Price Compared To Nearby Zip Codes

78652
+4.5%
78737
+0.7%
78739
-2.6%
78749
-2.7%
78748
-3.5%

Housing Supply in 78739, TX

How many homes are available in 78739, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7065-7.1%

Summary: The 78739 real estate market had 65 homes for sale in October 2024, a 7.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1716
-5.9%
4 4239
-7.1%
5+ 1110
-9.1%

Summary: The 78739 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 5.9%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1918-5.3%

Asking Price vs. Sold Price

14 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. 77.8% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 78739 in October 2024, down by 5.3% month-over-month. Of the 18 sold homes, 78% were sold under asking, 17% were sold at asking, and 6% 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

Oct 2023Oct 2024CHANGE
37 Days60 Days+61.8%

Summary: Homes in 78739 had an average of 60 days on market in Oct 2024, up by 61.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78739 has remained consistent over time.

Summary: During October 2024, 18 homes were sold in 78739; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% 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 4 Days Ago

Newest Listings in 78739, TX

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