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 October 2023

At the same time last year, 78757 was a Seller's 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

$660,453

$451/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$9,046(-1.4%)

Key Takeaway

Homes in 78757 have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in 78757 was $660,453 in October 2024, down 1.4% from last year, and the median price per square foot was $451.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $240K$205K
-14.6%
2 $490.5K$407.5K
-16.9%
3 $660.7K$657.8K
-0.4%
4 $1.2M$1.2M
0.0%
5+ $1.9M$1.9M
-1.3%

Summary: 78757 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.6%, 2 bedroom homes decreased by 16.9%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 1.3%.

Median Sold Price Compared To Nearby Zip Codes

78756
+9.0%
78731
0.2%
78758
0.1%
78757
-1.4%
78752
-9.7%

Housing Supply in 78757, TX

How many homes are available in 78757, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
159169+6.3%

Summary: The 78757 real estate market had 169 homes for sale in October 2024, a 6.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1114
+27.3%
2 2936
+24.1%
3 6461
-4.7%
4 4143
+4.9%
5+ 1415
+7.1%

Summary: The 78757 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 24.1%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2526+4.0%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 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. 80.8% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 78757 in October 2024, up by 4.0% month-over-month. Of the 26 sold homes, 81% were sold under asking, 4% were sold at asking, and 15% 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

Oct 2023Oct 2024CHANGE
46 Days55 Days+20.8%

Summary: Homes in 78757 had an average of 55 days on market in Oct 2024, up by 20.8% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78757 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 26 homes were sold in 78757; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 23% 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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