Is 78753, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78753 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78753 was a Seller's Market.

Key Takeaway

78753 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78753, TX

How much do homes in 78753, TX cost?

Median Sold Price

$375,000

$256/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$16,500(-4.2%)

Key Takeaway

Homes in 78753 have sold for 4.2% less than they did a year ago.

Summary: The median home sold price in 78753 was $375,000 in October 2024, down 4.2% from last year, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $190K$210K
+10.5%
2 $272.2K$272.5K
0.1%
3 $396.2K$370K
-6.6%
4 $475K$448.2K
-5.6%
5+ $425.2K$440.5K
+3.6%

Summary: 78753 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 0.1%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Zip Codes

78727
0.4%
78758
0.1%
78754
-0.3%
78753
-4.2%
78752
-9.7%

Housing Supply in 78753, TX

How many homes are available in 78753, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
112125+11.6%

Summary: The 78753 real estate market had 125 homes for sale in October 2024, a 11.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 98
-11.1%
3 6772
+7.5%
4 2836
+28.6%
5+ 66
0.0%

Summary: The 78753 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1311-15.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78753, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 78753 in October 2024, down by 15.4% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.

Days on Market for 78753, TX

How long does it take to sell a home in 78753, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
51 Days46 Days-9.7%

Summary: Homes in 78753 had an average of 46 days on market in Oct 2024, down by 9.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78753 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 78753; 45% of homes were sold within 30 days, 36% 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 22 Days Ago

Newest Listings in 78753, TX

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