Is 78947, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78947 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 78947 has remained a Buyer's Market.

Key Takeaway

78947 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78947, TX

How much do homes in 78947, TX cost?

Median Sold Price

$60,000

$34/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$289,250(-82.8%)

Key Takeaway

Homes in 78947 have sold for 82.8% less than they did a month ago.

Summary: The median home sold price in 78947 was $60,000 in October 2024, down 82.8% from last month, and the median price per square foot was $34.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$60K
N/A
2 $375.5K-
N/A
3 $323K-
N/A
4 --
N/A
5+ --
N/A

Summary: 78947 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 78947, TX

How many homes are available in 78947, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
23230.0%

Summary: The 78947 real estate market had 23 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 55
0.0%
3 1010
0.0%
4 77
0.0%
5+ 00
0.0%

Summary: The 78947 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 remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was 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 78947, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 78947 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78947, TX

How long does it take to sell a home in 78947, TX?

Average Sale Time

Sep 2024Oct 2024CHANGE
218 Days60 Days-72.5%

Summary: Homes in 78947 had an average of 60 days on market in Oct 2024, down by 72.5% compared to last month.

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 78947 has remained consistent over time.

Summary: During October 2024, 1 homes were sold in 78947; 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 21 Days Ago

Newest Listings in 78947, TX

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