Is 78748, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78748 is a seller's market

Buyer's
Market

Difference Since October 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

$445,000

$259/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$16,375(-3.5%)

Key Takeaway

Homes in 78748 have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in 78748 was $445,000 in October 2024, down 3.5% from last year, and the median price per square foot was $259.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $372K$355K
-4.6%
3 $439.9K$433.1K
-1.6%
4 $566K$545.5K
-3.6%
5+ $675K$650K
-3.7%

Summary: 78748 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 decreased by 4.6%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 3.7%.

Median Sold Price Compared To Nearby Zip Codes

78652
+4.5%
78739
-2.6%
78749
-2.7%
78748
-3.5%
78745
-5.4%

Housing Supply in 78748, TX

How many homes are available in 78748, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
218224+2.8%

Summary: The 78748 real estate market had 224 homes for sale in October 2024, a 2.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1514
-6.7%
3 139141
+1.4%
4 6166
+8.2%
5+ 22
0.0%

Summary: The 78748 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 decreased by 6.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3940+2.6%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78748, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in 78748 in October 2024, up by 2.6% month-over-month. Of the 40 sold homes, 63% were sold under asking, 23% were sold at asking, and 15% 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

Oct 2023Oct 2024CHANGE
40 Days51 Days+25.8%

Summary: Homes in 78748 had an average of 51 days on market in Oct 2024, up by 25.8% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78748 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 40 homes were sold in 78748; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 18% 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 78748, TX

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