$10,000 Closing Credit*
$975,000
1,948 SqFt
3 Beds
•2 Full Baths
Melinda Suggs, Listing Office: Compass RE Texas, LLC
Is 78748, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 78748 has remained a Seller's Market.
Key Takeaway
78748 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 78748, TX
How much do homes in 78748, TX cost?
Median Sold Price
$448,225
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$12,525(-2.7%)
Key Takeaway
Homes in 78748 have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in 78748 was $448,225 in November 2024, down 2.7% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $365K | $355K | -2.7% |
| 3 Bedrooms | $439.4K | $435K | -1.0% |
| 4 Bedrooms | $567K | $550K | -3.0% |
| 5+ Bedrooms | $667.5K | $657.5K | -1.5% |
Summary: 78748 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 2.7%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in 78748, TX
How many homes are available in 78748, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 208 | 192 | -7.7% |
Summary: The 78748 real estate market had 192 homes for sale in November 2024, a 7.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 130 | 119 | -8.5% |
| 4 Bedrooms | 64 | 59 | -7.8% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 78748 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 decreased by 18.2%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 33 | -23.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 78748, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 78748 in November 2024, down by 23.3% month-over-month. Of the 33 sold homes, 67% were sold under asking, 21% were sold at asking, and 12% were sold over asking.
Days on Market for 78748, TX
How long does it take to sell a home in 78748, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 52 Days | +39.0% |
Summary: Homes in 78748 had an average of 52 days on market in Nov 2024, up by 39% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 78748 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 33 homes were sold in 78748; 45% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.
Data provided by the Central Texas MLS IDX program. Information deemed reliable but not guaranteed. Some properties which appear for sale may no longer be available due to no longer being offered for sale. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2024 Central Texas MLS, All Rights Reserved.