Is 78023, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 78023 has remained a Seller's Market.
Housing Prices in 78023, TX
How much do homes in 78023, TX cost?
Median Sold Price
$419,975
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78023 was $419,975 in March 2024, down 6.7% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | - | N/A |
2 Bedrooms | $365.2K | $390K | +6.8% |
3 Bedrooms | $399K | $364K | -8.8% |
4 Bedrooms | $465K | $462K | -0.6% |
5+ Bedrooms | $667.5K | $530K | -20.6% |
Summary: 78023 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 increased by 6.8%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 20.6%.
Housing Supply in 78023, TX
How many homes are available in 78023, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
109 | 121 | +11.0% |
Summary: The 78023 real estate market had 121 homes for sale in March 2024, a 11.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 39 | 42 | +7.7% |
4 Bedrooms | 54 | 62 | +14.8% |
5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The 78023 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 remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 25 | +66.7% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 78023 in March 2024, up by 66.7% month-over-month. Of the 25 sold homes, 68% were sold under asking, 24% were sold at asking, and 8% were sold over asking.
Days on Market for 78023, TX
How long does it take to sell a home in 78023, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 113 Days | +162.7% |
Summary: Homes in 78023 had an average of 113 days on market in Mar 2024, up by 162.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in 78023; 16% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 52% of homes were sold over 90 days.