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 November 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

$577,000

$302/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$22,000(-3.7%)

Key Takeaway

Homes in 78749 have sold for 3.7% less than they did a year ago.

Summary: The median home sold price in 78749 was $577,000 in November 2024, down 3.7% from last year, and the median price per square foot was $302.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $388.5K$370K
-4.8%
3 $554.9K$543.1K
-2.1%
4 $677.5K$660K
-2.6%
5+ $675K$800K
+18.5%

Summary: 78749 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 4.8%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 18.5%.

Median Sold Price Compared To Nearby Zip Codes

78735
+2.7%
78748
-2.7%
78739
-3.0%
78749
-3.7%
78745
-5.4%

Housing Supply in 78749, TX

How many homes are available in 78749, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
117112-4.3%

Summary: The 78749 real estate market had 112 homes for sale in November 2024, a 4.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 7066
-5.7%
4 3837
-2.6%
5+ 34
+33.3%

Summary: The 78749 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 16.7%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2328+21.7%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 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. 67.9% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 78749 in November 2024, up by 21.7% month-over-month. Of the 28 sold homes, 68% were sold under asking, 14% were sold at asking, and 18% 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

Nov 2023Nov 2024CHANGE
54 Days66 Days+20.3%

Summary: Homes in 78749 had an average of 66 days on market in Nov 2024, up by 20.3% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

9 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 November 2024, 28 homes were sold in 78749; 36% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 32% 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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