Is 78006, 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, 78006 was a Seller's Market.
Housing Prices in 78006, TX
How much do homes in 78006, TX cost?
Median Sold Price
$584,500
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 78006 was $584,500 in May 2024, down 4.8% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $308.7K | $381.9K | +23.7% |
2 Bedrooms | $336.4K | $366.5K | +8.9% |
3 Bedrooms | $525K | $500K | -4.8% |
4 Bedrooms | $663.1K | $632K | -4.7% |
5+ Bedrooms | $843.4K | $851.8K | +1.0% |
Summary: 78006 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.7%, 2 bedroom homes increased by 8.9%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Zip Codes
78015 | $556.6K | $589.4K | +5.9% |
78006 | $613.9K | $584.5K | -4.8% |
Housing Supply in 78006, TX
How many homes are available in 78006, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
406 | 452 | +11.3% |
Summary: The 78006 real estate market had 452 homes for sale in May 2024, a 11.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 28 | 29 | +3.6% |
3 Bedrooms | 123 | 137 | +11.4% |
4 Bedrooms | 193 | 226 | +17.1% |
5+ Bedrooms | 56 | 56 | 0.0% |
Summary: The 78006 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
55 | 63 | +14.5% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in 78006 in May 2024, up by 14.5% month-over-month. Of the 63 sold homes, 68% were sold under asking, 21% were sold at asking, and 11% were sold over asking.
Days on Market for 78006, TX
How long does it take to sell a home in 78006, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
74 Days | 93 Days | +25.6% |
Summary: Homes in 78006 had an average of 93 days on market in May 2024, up by 25.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During May 2024, 63 homes were sold in 78006; 25% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.