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 October 2023

At the same time last year, 78746 was a Seller'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

$1,800,000

$567/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$170,000(+10.4%)

Key Takeaway

Homes in 78746 have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in 78746 was $1,800,000 in October 2024, up 10.4% from last year, and the median price per square foot was $567.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $349.5K$325K
-7.0%
2 $732.5K$707.5K
-3.4%
3 $1.0M$1.2M
+20.3%
4 $1.6M$1.7M
+6.2%
5+ $3.2M$2.9M
-8.5%

Summary: 78746 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 8.5%.

Median Sold Price Compared To Nearby Zip Codes

78746
+10.4%
78703
+8.0%
78733
+6.4%
78704
+2.4%
78735
-1.0%

Housing Supply in 78746, TX

How many homes are available in 78746, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
177198+11.9%

Summary: The 78746 real estate market had 198 homes for sale in October 2024, a 11.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1619
+18.8%
3 3337
+12.1%
4 7373
0.0%
5+ 5266
+26.9%

Summary: The 78746 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 increased by 18.8%, 3 bedroom homes increased by 12.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 26.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1319+46.2%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

1 Home Was 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. 94.7% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 78746 in October 2024, up by 46.2% month-over-month. Of the 19 sold homes, 95% were sold under asking, 5% 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

Oct 2023Oct 2024CHANGE
105 Days87 Days-17.3%

Summary: Homes in 78746 had an average of 87 days on market in Oct 2024, down by 17.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78746 has remained consistent over time.

Summary: During October 2024, 19 homes were sold in 78746; 16% of homes were sold within 30 days, 42% 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 4 Days Ago

Newest Listings in 78746, TX

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