Is 78750, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78750 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 78750 has remained a Seller's Market.

Key Takeaway

78750 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78750, TX

How much do homes in 78750, TX cost?

Median Sold Price

$602,500

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$32,500(+5.7%)

Key Takeaway

Homes in 78750 have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in 78750 was $602,500 in October 2024, up 5.7% from last year, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $215K-
N/A
2 $355.9K$362.2K
+1.8%
3 $475K$451.9K
-4.8%
4 $770K$804.1K
+4.4%
5+ $1.0M$1.1M
+9.0%

Summary: 78750 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 increased by 1.8%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 9%.

Median Sold Price Compared To Nearby Zip Codes

78730
+9.2%
78750
+5.7%
78759
-0.3%
78726
-3.0%
78729
-5.4%

Housing Supply in 78750, TX

How many homes are available in 78750, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
111108-2.7%

Summary: The 78750 real estate market had 108 homes for sale in October 2024, a 2.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1315
+15.4%
3 4238
-9.5%
4 4947
-4.1%
5+ 78
+14.3%

Summary: The 78750 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 15.4%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2419-20.8%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78750, you may be able to get a good deal. 89.5% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 78750 in October 2024, down by 20.8% month-over-month. Of the 19 sold homes, 89% were sold under asking, 0% were sold at asking, and 11% were sold over asking.

Days on Market for 78750, TX

How long does it take to sell a home in 78750, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
50 Days62 Days+24.5%

Summary: Homes in 78750 had an average of 62 days on market in Oct 2024, up by 24.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78750 has remained consistent over time.

Summary: During October 2024, 19 homes were sold in 78750; 32% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 26% 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 21 Days Ago

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