Is 78759, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 78759 has remained a Seller's Market.
Housing Prices in 78759, TX
How much do homes in 78759, TX cost?
Median Sold Price
$647,327
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 78759 was $647,327 in May 2024, down 1.9% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $248K | -17.3% |
2 Bedrooms | $401.5K | $400K | -0.4% |
3 Bedrooms | $635K | $615K | -3.1% |
4 Bedrooms | $869.5K | $838K | -3.6% |
5+ Bedrooms | $1.1M | $1.1M | +2.1% |
Summary: 78759 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.3%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 2.1%.
Housing Supply in 78759, TX
How many homes are available in 78759, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
139 | 168 | +20.9% |
Summary: The 78759 real estate market had 168 homes for sale in May 2024, a 20.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 7 | +133.3% |
2 Bedrooms | 27 | 30 | +11.1% |
3 Bedrooms | 46 | 64 | +39.1% |
4 Bedrooms | 52 | 57 | +9.6% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 78759 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 39.1%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 37 | +42.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 78759 in May 2024, up by 42.3% month-over-month. Of the 37 sold homes, 57% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for 78759, TX
How long does it take to sell a home in 78759, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 38 Days | +58.4% |
Summary: Homes in 78759 had an average of 38 days on market in May 2024, up by 58.4% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 37 homes were sold in 78759; 65% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.