Is 78749, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78749 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 78749 has remained a Seller's Market.

Key Takeaway

78749 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78749, TX

How much do homes in 78749, TX cost?

Median Sold Price

$583,750

$300/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$16,000(-2.7%)

Key Takeaway

Homes in 78749 have sold for 2.7% less than they did a year ago.

Summary: The median home sold price in 78749 was $583,750 in October 2024, down 2.7% from last year, and the median price per square foot was $300.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $389K$375K
-3.6%
3 $555K$540K
-2.7%
4 $679K$655K
-3.5%
5+ $757.7K$810K
+6.9%

Summary: 78749 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 3.6%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 6.9%.

Median Sold Price Compared To Nearby Zip Codes

78735
-1.0%
78739
-2.6%
78749
-2.7%
78748
-3.5%
78745
-5.4%

Housing Supply in 78749, TX

How many homes are available in 78749, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
130125-3.8%

Summary: The 78749 real estate market had 125 homes for sale in October 2024, a 3.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 36
+100.0%
3 8074
-7.5%
4 4341
-4.7%
5+ 44
0.0%

Summary: The 78749 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 100%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3221-34.4%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78749, you may be able to get a good deal. 81% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 78749 in October 2024, down by 34.4% month-over-month. Of the 21 sold homes, 81% were sold under asking, 5% were sold at asking, and 14% were sold over asking.

Days on Market for 78749, TX

How long does it take to sell a home in 78749, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
44 Days46 Days+4.4%

Summary: Homes in 78749 had an average of 46 days on market in Oct 2024, up by 4.4% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78749 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 21 homes were sold in 78749; 48% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 19% 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

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