Is 78015, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78015 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 78015 was a Seller's Market.

Key Takeaway

78015 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78015, TX

How much do homes in 78015, TX cost?

Median Sold Price

$579,950

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$14,950(+2.6%)

Key Takeaway

Homes in 78015 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 78015 was $579,950 in March 2024, up 2.6% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $425K$265K
-37.6%
3 $450K$458.6K
+1.9%
4 $605K$620K
+2.5%
5+ $690K$624.9K
-9.4%

Summary: 78015 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 37.6%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 9.4%.

Median Sold Price Compared To Nearby Zip Codes

78255
+6.5%
78257
+6.3%
78015
+2.6%
78006
0.5%
78163
-15.9%

Housing Supply in 78015, TX

How many homes are available in 78015, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
148155+4.7%

Summary: The 78015 real estate market had 155 homes for sale in March 2024, a 4.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 3341
+24.2%
4 9390
-3.2%
5+ 2124
+14.3%

Summary: The 78015 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 24.2%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3220-37.5%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78015, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 78015 in March 2024, down by 37.5% month-over-month. Of the 20 sold homes, 75% were sold under asking, 15% were sold at asking, and 10% were sold over asking.

Days on Market for 78015, TX

How long does it take to sell a home in 78015, TX?

Average Sale Time

Mar 2023Mar 2024CHANGE
85 Days100 Days+18.1%

Summary: Homes in 78015 had an average of 100 days on market in Mar 2024, up by 18.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78015 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 20 homes were sold in 78015; 20% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 55% 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 26 Days Ago

Newest Listings in 78015, TX

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