Is 78873, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78873 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78873 was a Seller's Market.

Key Takeaway

78873 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78873, TX

How much do homes in 78873, TX cost?

Median Sold Price

$449,000

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$78,500(-14.9%)

Key Takeaway

Homes in 78873 have sold for 14.9% less than they did a year ago.

Summary: The median home sold price in 78873 was $449,000 in October 2024, down 14.9% from last year, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $290K$300K
+3.4%
2 $405K$307.5K
-24.1%
3 $550K$449K
-18.4%
4 $995K$745K
-25.1%
5+ $825K$712.5K
-13.6%

Summary: 78873 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 24.1%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes decreased by 25.1%, and 5+ bedroom homes decreased by 13.6%.

Housing Supply in 78873, TX

How many homes are available in 78873, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2123+9.5%

Summary: The 78873 real estate market had 23 homes for sale in October 2024, a 9.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 55
0.0%
3 88
0.0%
4 56
+20.0%
5+ 23
+50.0%

Summary: The 78873 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78873, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 78873 in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 78873, TX

How long does it take to sell a home in 78873, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days41 Days-8.9%

Summary: Homes in 78873 had an average of 41 days on market in Oct 2024, down by 8.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78873 has remained consistent over time.

Summary: During October 2024, 1 homes were sold in 78873; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 78873, TX

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