Is 78746, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78746 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 78746 has remained a Buyer's Market.

Key Takeaway

78746 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78746, TX

How much do homes in 78746, TX cost?

Median Sold Price

$1,750,000

$564/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$100,000(+6.1%)

Key Takeaway

Homes in 78746 have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in 78746 was $1,750,000 in November 2024, up 6.1% from last year, and the median price per square foot was $564.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $349K$325K
-6.9%
2 $670K$625K
-6.7%
3 $1.0M$1.2M
+18.0%
4 $1.6M$1.6M
-0.5%
5+ $3.2M$2.9M
-7.6%

Summary: 78746 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 18%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 7.6%.

Median Sold Price Compared To Nearby Zip Codes

78746
+6.1%
78704
+3.9%
78735
+2.7%
78703
+1.9%

Housing Supply in 78746, TX

How many homes are available in 78746, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
178181+1.7%

Summary: The 78746 real estate market had 181 homes for sale in November 2024, a 1.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 1819
+5.6%
3 3334
+3.0%
4 6666
0.0%
5+ 5859
+1.7%

Summary: The 78746 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 increased by 5.6%, 3 bedroom homes increased by 3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 1.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1912-36.8%

Asking Price vs. Sold Price

12 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 78746, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 78746 in November 2024, down by 36.8% month-over-month. Of the 12 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78746, TX

How long does it take to sell a home in 78746, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days99 Days+130.9%

Summary: Homes in 78746 had an average of 99 days on market in Nov 2024, up by 130.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78746 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 12 homes were sold in 78746; 25% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 42% 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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