Is 78016, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78016 is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, 78016 has remained a Seller's Market.

Key Takeaway

78016 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78016, TX cost?

Median Sold Price

$250,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$13,000(+5.5%)

Key Takeaway

Homes in 78016 have sold for 5.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $86.7K$193K
+122.5%
2 $131.2K$215K
+63.8%
3 $230K$251.7K
+9.5%
4 $360K$340K
-5.6%
5+ $230K$237.4K
+3.2%

How many homes are available in 78016, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
2832+14.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 34
+33.3%
3 1921
+10.5%
4 55
0.0%
5+ 12
+100.0%

Number of Homes Sold

Sep 2022Oct 2022%
660.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78016, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
25 Days65 Days+157.5%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78016 has remained consistent over time.

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

About 78016, TX

Homes for sale in 78016, TX have reached 32. The number of listings in 78016, TX increased by 14.3% between September 2022 and October 2022. Listings spent 65 days on the market in October 2022, and had a median list price of $250,000 during the same period. This housing market listing prices have changed between September 2022 and October 2022: 1 bedroom properties prices increased by 122.5%, the cost of 2 bedrooms properties went up by 63.8%, prices of 3 bedrooms properties increased by 9.5%, 4 bedrooms properties prices decreased by 5.6%, the cost of 5 bedrooms properties went up by 3.2%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went up by 33.3%, the quantity of 3 bedrooms homes went up by 10.5%, number of 4 bedrooms homes remained the same, 5 bedrooms homes inventory increased by 100%. Over 0 listings were sold over their listed price in October 2022 in 78016, TX. In the same period over 5 listings were sold below the listed price and 1 listings were sold for the listed price.