$1,950,000
116.08 Acres
Land
Frank Hillbolt, Listing Office: Round Top Real Estate
Is 78940, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 78940 has remained a Buyer's Market.
Key Takeaway
78940 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 78940, TX
How much do homes in 78940, TX cost?
Median Sold Price
$652,500
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$140,500(+27.4%)
Key Takeaway
Homes in 78940 have sold for 27.4% more than they did a year ago.
Summary: The median home sold price in 78940 was $652,500 in November 2024, up 27.4% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $960K | - | N/A |
| 2 Bedrooms | $762.5K | $274.9K | -63.9% |
| 3 Bedrooms | $501.7K | $652.5K | +30.0% |
| 4 Bedrooms | $1.0M | $874.5K | -18.5% |
| 5+ Bedrooms | - | $1.6M | N/A |
Summary: 78940 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 63.9%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 78940 | $512K | $652.5K | +27.4% |
| 78945 | $372.5K | $337.5K | -9.4% |
Housing Supply in 78940, TX
How many homes are available in 78940, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 28 | -3.4% |
Summary: The 78940 real estate market had 28 homes for sale in November 2024, a 3.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 78940 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 78940, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 78940 in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 78940, TX
How long does it take to sell a home in 78940, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 132 Days | +1000.0% |
Summary: Homes in 78940 had an average of 132 days on market in Nov 2024, up by 1000% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 78940 has remained consistent over time.
Summary: During November 2024, 2 homes were sold in 78940; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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Data provided by the Central Texas MLS IDX program. Information deemed reliable but not guaranteed. Some properties which appear for sale may no longer be available due to no longer being offered for sale. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2024 Central Texas MLS, All Rights Reserved.