Is 78028, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78028 is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 78028 was a Seller's Market.

Key Takeaway

78028 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78028, TX cost?

Median Sold Price

$412,000

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$43,000(+11.7%)

Key Takeaway

Homes in 78028 have sold for 11.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $134.8K-
N/A
2 $220.7K$310K
+40.4%
3 $337.5K$395K
+17.0%
4 $608.5K$505K
-17.0%
5+ $650K$1.3M
+100.0%

Median Sold Price Compared To Nearby Zip Codes

78028
+11.7%
78013
0.3%

How many homes are available in 78028, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
7065-7.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 910
+11.1%
3 3733
-10.8%
4 1515
0.0%
5+ 97
-22.2%

Number of Homes Sold

Oct 2022Nov 2022%
127-41.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78028, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
71 Days96 Days+35.8%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78028 are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About 78028, TX

Number of homes for sale in 78028, TX real estate market have reached 65. The inventory of homes for sale in 78028, TX between October 2022 and November 2022 decreased by 7.1%. In November 2022, listings were on the market for 96 days. During the same period, the median list price in this real estate market was $412,000. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 40.4%, 3 bedrooms properties prices increased by 17%, prices of 4 bedrooms properties went down by 17%, prices of 5 bedrooms properties went up by 100%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went up by 11.1%, 3 bedrooms homes inventory decreased by 10.8%, the quantity of 4 bedrooms homes have not changed, the quantity of 5 bedrooms homes went down by 22.2%. In November 2022, from all listings sold in 78028, TX there were more than 0 sold above asking price, over 4 sold below and more than 3 were sold right at the asked price.