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 Last Month

Last month, 78016 was a Neutral 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

$259,500

$144/sqft

Based on all homes sold in October 2021.

Difference Since Last Month

+$56,500(+27.8%)

Key Takeaway

Homes in 78016 have sold for 27.8% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Oct 2021%
1 $90K-
N/A
2 -$148.5K
N/A
3 $191K$260K
+36.1%
4 $287.5K-
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Zip Codes

78057
+42.5%
78016
+27.8%
78059
+15.4%

How many homes are available in 78016, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
2728+3.7%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 32
-33.3%
2 55
0.0%
3 1215
+25.0%
4 43
-25.0%
5+ 33
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
48+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78016, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Oct 2021%
40 Days27 Days-32.5%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78016 are selling fast, if you're buying plan to act quickly.

About 78016, TX

78016, TX has 28 homes for sale to choose from. Between September 2021 and October 2021, 78016, TX real estate market has seen increase in the number of listings by 3.7%. The median list price of listings available in October 2021 was $259,500, while the average time on the real estate market was 27 days. Real estate listing prices changed between October 2020 and October 2021: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 0%, 3 bedrooms properties became 36.1% more expensive, 4 bedrooms properties became 0% more expensive, 5 bedrooms properties became 0% more expensive. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes decreased by 33.3%, the quantity of 2 bedrooms homes have not changed, volume of 3 bedrooms homes went up by 25%, number of 4 bedrooms homes decreased by 25%, 5 bedrooms homes inventory did not change. Over 4 listings were sold over their listed price in October 2021 in 78016, TX. In the same period over 2 listings were sold below the listed price and 2 listings were sold for the listed price.