Is 78956, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78956 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 78956 has remained a Buyer's Market.

Key Takeaway

78956 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78956, TX

How much do homes in 78956, TX cost?

Median Sold Price

$522,500

$246/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$47,500(+10.0%)

Key Takeaway

Homes in 78956 have sold for 10% more than they did a month ago.

Summary: The median home sold price in 78956 was $522,500 in October 2024, up 10% from last month, and the median price per square foot was $246.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $475K$522.5K
+10.0%
4 --
N/A
5+ --
N/A

Summary: 78956 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 10%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

78941
+159.9%
78962
+61.8%
78956
+10.0%

Housing Supply in 78956, TX

How many homes are available in 78956, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
32320.0%

Summary: The 78956 real estate market had 32 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 54
-20.0%
3 2122
+4.8%
4 33
0.0%
5+ 22
0.0%

Summary: The 78956 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 decreased by 20%, 3 bedroom homes increased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 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 78956, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 78956 in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78956, TX

How long does it take to sell a home in 78956, TX?

Average Sale Time

Sep 2024Oct 2024CHANGE
99 Days24 Days-75.3%

Summary: Homes in 78956 had an average of 24 days on market in Oct 2024, down by 75.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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

Many homes in 78956 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 78956; 50% of homes were sold within 30 days, 50% 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 16 Days Ago

Newest Listings in 78956, TX

Nearby Markets to 78956, TX