Is 78941, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78941 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 78941 has remained a Buyer's Market.

Key Takeaway

78941 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78941, TX

How much do homes in 78941, TX cost?

Median Sold Price

$496,500

$265/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$305,500(+159.9%)

Key Takeaway

Homes in 78941 have sold for 159.9% more than they did a month ago.

Summary: The median home sold price in 78941 was $496,500 in October 2024, up 159.9% from last month, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $191K-
N/A
2 -$550K
N/A
3 $191K$217K
+13.6%
4 $494K$496.5K
0.5%
5+ --
N/A

Summary: 78941 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes did not change.

Housing Supply in 78941, TX

How many homes are available in 78941, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2324+4.3%

Summary: The 78941 real estate market had 24 homes for sale in October 2024, a 4.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 33
0.0%
3 1417
+21.4%
4 54
-20.0%
5+ 00
0.0%

Summary: The 78941 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78941, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 78941 in October 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78941, TX

How long does it take to sell a home in 78941, TX?

Average Sale Time

Sep 2024Oct 2024CHANGE
76 Days107 Days+40.6%

Summary: Homes in 78941 had an average of 107 days on market in Oct 2024, up by 40.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78941 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in 78941; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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

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