Is 78754, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78754 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78754 was a Buyer's Market.

Key Takeaway

78754 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 78754, TX

How much do homes in 78754, TX cost?

Median Sold Price

$414,250

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$1,250(-0.3%)

Key Takeaway

The sold price of homes in 78754 has remained the same since last year.

Summary: The median home sold price in 78754 was $414,250 in October 2024, down 0.3% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $455K$295K
-35.2%
3 $392K$390.3K
-0.4%
4 $446K$434.9K
-2.5%
5+ $475K$481.3K
+1.3%

Summary: 78754 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 35.2%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 1.3%.

Median Sold Price Compared To Nearby Zip Codes

78754
-0.3%
78753
-4.2%
78660
-4.8%
78724
-8.6%
78752
-9.7%

Housing Supply in 78754, TX

How many homes are available in 78754, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9392-1.1%

Summary: The 78754 real estate market had 92 homes for sale in October 2024, a 1.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 4144
+7.3%
4 3735
-5.4%
5+ 1010
0.0%

Summary: The 78754 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 40%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15150.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78754, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 78754 in October 2024, the same as the previous month. Of the 15 sold homes, 73% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for 78754, TX

How long does it take to sell a home in 78754, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days56 Days+24.3%

Summary: Homes in 78754 had an average of 56 days on market in Oct 2024, up by 24.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78754 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 78754; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 78754, TX

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