Is 78942, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78942 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 78942 has remained a Seller's Market.

Key Takeaway

78942 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78942, TX

How much do homes in 78942, TX cost?

Median Sold Price

$310,000

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,000(+14.8%)

Key Takeaway

Homes in 78942 have sold for 14.8% more than they did a year ago.

Summary: The median home sold price in 78942 was $310,000 in October 2024, up 14.8% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $199K$140K
-29.6%
2 $170K$235K
+38.2%
3 $298K$315K
+5.7%
4 $362.5K$345K
-4.8%
5+ -$275K
N/A

Summary: 78942 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.6%, 2 bedroom homes increased by 38.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes did not change.

Housing Supply in 78942, TX

How many homes are available in 78942, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3536+2.9%

Summary: The 78942 real estate market had 36 homes for sale in October 2024, a 2.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 58
+60.0%
3 1817
-5.6%
4 89
+12.5%
5+ 42
-50.0%

Summary: The 78942 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 increased by 60%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

7 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 78942, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 78942 in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78942, TX

How long does it take to sell a home in 78942, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days88 Days+121.3%

Summary: Homes in 78942 had an average of 88 days on market in Oct 2024, up by 121.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78942 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 78942; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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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