Is 78240, 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, 78240 has remained a Seller's Market.
Housing Prices in 78240, TX
How much do homes in 78240, TX cost?
Median Sold Price
$283,216
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 78240 was $283,216 in May 2024, up 1.1% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139.9K | $133.3K | -4.8% |
2 Bedrooms | $214.5K | $187K | -12.8% |
3 Bedrooms | $280K | $279.9K | 0% |
4 Bedrooms | $330K | $326.5K | -1.1% |
5+ Bedrooms | $403K | $365K | -9.4% |
Summary: 78240 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 9.4%.
Housing Supply in 78240, TX
How many homes are available in 78240, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
142 | 166 | +16.9% |
Summary: The 78240 real estate market had 166 homes for sale in May 2024, a 16.9% 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 | 14 | 19 | +35.7% |
3 Bedrooms | 94 | 100 | +6.4% |
4 Bedrooms | 29 | 44 | +51.7% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The 78240 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 increased by 35.7%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 51.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 39 | +11.4% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in 78240 in May 2024, up by 11.4% month-over-month. Of the 38 sold homes, 50% were sold under asking, 26% were sold at asking, and 24% were sold over asking.
Days on Market for 78240, TX
How long does it take to sell a home in 78240, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 61 Days | +10.3% |
Summary: Homes in 78240 had an average of 61 days on market in May 2024, up by 10.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 39 homes were sold in 78240; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.