Is 78757, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78757 is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, 78757 has remained a Neutral Market.

Key Takeaway

78757 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 78757, TX

How much do homes in 78757, TX cost?

Median Sold Price

$675,333

$451/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$3,280(-0.5%)

Key Takeaway

The sold price of homes in 78757 has remained the same since last year.

Summary: The median home sold price in 78757 was $675,333 in November 2024, down 0.5% from last year, and the median price per square foot was $451.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $239K$207K
-13.4%
2 $486K$382.5K
-21.3%
3 $674.9K$665K
-1.5%
4 $1.3M$1.2M
-7.2%
5+ $1.9M$1.9M
-1.3%

Summary: 78757 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.4%, 2 bedroom homes decreased by 21.3%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes decreased by 1.3%.

Median Sold Price Compared To Nearby Zip Codes

78756
+11.8%
78731
+4.3%
78758
0.3%
78757
-0.5%
78752
-10.5%

Housing Supply in 78757, TX

How many homes are available in 78757, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
156152-2.6%

Summary: The 78757 real estate market had 152 homes for sale in November 2024, a 2.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1314
+7.7%
2 3332
-3.0%
3 5753
-7.0%
4 3736
-2.7%
5+ 1617
+6.3%

Summary: The 78757 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 6.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2624-7.7%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78757, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 78757 in November 2024, down by 7.7% month-over-month. Of the 24 sold homes, 54% were sold under asking, 13% were sold at asking, and 33% were sold over asking.

Days on Market for 78757, TX

How long does it take to sell a home in 78757, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
48 Days100 Days+108.3%

Summary: Homes in 78757 had an average of 100 days on market in Nov 2024, up by 108.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78757 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 24 homes were sold in 78757; 33% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 42% 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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