Is 78006, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78006 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 78006 was a Seller's Market.

Key Takeaway

78006 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78006, TX

How much do homes in 78006, TX cost?

Median Sold Price

$599,999

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$9,399(+1.6%)

Key Takeaway

Homes in 78006 have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in 78006 was $599,999 in February 2024, up 1.6% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $376K$377.5K
0.4%
2 $327.2K$382.5K
+16.9%
3 $500.1K$515K
+3.0%
4 $669K$639.4K
-4.4%
5+ $850K$872.4K
+2.6%

Summary: 78006 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Zip Codes

78015
+1.7%
78006
+1.6%

Housing Supply in 78006, TX

How many homes are available in 78006, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
285316+10.9%

Summary: The 78006 real estate market had 316 homes for sale in February 2024, a 10.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 43
-25.0%
2 916
+77.8%
3 103110
+6.8%
4 132154
+16.7%
5+ 3733
-10.8%

Summary: The 78006 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 77.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 10.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3334+3.0%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78006, you may be able to get a good deal. 73.5% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in 78006 in February 2024, up by 3.0% month-over-month. Of the 34 sold homes, 74% were sold under asking, 9% were sold at asking, and 18% 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

Feb 2023Feb 2024CHANGE
91 Days94 Days+3.8%

Summary: Homes in 78006 had an average of 94 days on market in Feb 2024, up by 3.8% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78006 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 34 homes were sold in 78006; 29% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 78006, TX

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