Is 78641, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 78641 was a Seller's Market.
Housing Prices in 78641, TX
How much do homes in 78641, TX cost?
Median Sold Price
$470,484
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 78641 was $470,484 in May 2024, down 5.9% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $392.5K | $422K | +7.5% |
2 Bedrooms | $335K | $319.5K | -4.6% |
3 Bedrooms | $413.9K | $390K | -5.8% |
4 Bedrooms | $547.3K | $520.5K | -4.9% |
5+ Bedrooms | $750K | $707.5K | -5.7% |
Summary: 78641 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 5.7%.
Housing Supply in 78641, TX
How many homes are available in 78641, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
602 | 663 | +10.1% |
Summary: The 78641 real estate market had 663 homes for sale in May 2024, a 10.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 193 | 211 | +9.3% |
4 Bedrooms | 297 | 326 | +9.8% |
5+ Bedrooms | 98 | 113 | +15.3% |
Summary: The 78641 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 15.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
118 | 98 | -16.9% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 98 homes were sold or pending in 78641 in May 2024, down by 16.9% month-over-month. Of the 98 sold homes, 62% were sold under asking, 14% were sold at asking, and 23% were sold over asking.
Days on Market for 78641, TX
How long does it take to sell a home in 78641, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
58 Days | 32 Days | -44.4% |
Summary: Homes in 78641 had an average of 32 days on market in May 2024, down by 44.4% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 98 homes were sold in 78641; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.