Is 78704, 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, 78704 was a Seller's Market.
Housing Prices in 78704, TX
How much do homes in 78704, TX cost?
Median Sold Price
$856,666
$560/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 78704 was $856,666 in May 2024, down 1.5% from last year, and the median price per square foot was $560.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $399K | $371.2K | -7.0% |
2 Bedrooms | $630K | $650K | +3.2% |
3 Bedrooms | $1.0M | $950K | -10.6% |
4 Bedrooms | $1.8M | $1.5M | -18.0% |
5+ Bedrooms | $2.4M | $1.9M | -21.2% |
Summary: 78704 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 18%, and 5+ bedroom homes decreased by 21.2%.
Housing Supply in 78704, TX
How many homes are available in 78704, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
409 | 492 | +20.3% |
Summary: The 78704 real estate market had 492 homes for sale in May 2024, a 20.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 44 | 55 | +25.0% |
2 Bedrooms | 99 | 121 | +22.2% |
3 Bedrooms | 134 | 156 | +16.4% |
4 Bedrooms | 96 | 111 | +15.6% |
5+ Bedrooms | 36 | 49 | +36.1% |
Summary: The 78704 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 36.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 46 | 0.0% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in 78704 in May 2024, the same as the previous month. Of the 46 sold homes, 70% were sold under asking, 20% were sold at asking, and 11% were sold over asking.
Days on Market for 78704, TX
How long does it take to sell a home in 78704, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 39 Days | +5.1% |
Summary: Homes in 78704 had an average of 39 days on market in May 2024, up by 5.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 46 homes were sold in 78704; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.