Is 78056, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78056 is a buyer's market

Buyer's
Market

Difference Since October 2020

At the same time last year, 78056 was a Seller's Market.

Key Takeaway

78056 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78056, TX cost?

Median Sold Price

$575,000

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$140,000(+32.2%)

Key Takeaway

Homes in 78056 have sold for 32.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $424.9K$392.5K
-7.6%
2 $392.7K-
N/A
3 $342.5K$495K
+44.5%
4 $472.5K$555K
+17.5%
5+ -$684.9K
N/A

Median Sold Price Compared To Nearby Zip Codes

78063
+32.7%
78056
+32.2%
78066
+23.9%
78253
+20.3%
78023
+14.7%

How many homes are available in 78056, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
1412-14.3%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 44
0.0%
2 11
0.0%
3 22
0.0%
4 64
-33.3%
5+ 11
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78056, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
160 Days104 Days-35.1%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78056 are taking a long time to sell, it's a good idea to negotiate on homes here.

About 78056, TX

Number of homes for sale in 78056, TX real estate market have reached 12. The number of homes for sale in 78056, TX decreased by 14.3% between September 2021 and October 2021. The median list price of listings available in October 2021 was $575,000, while the average time on the real estate market was 104 days. This housing market listing prices have changed between September 2021 and October 2021: prices of 1 bedroom properties decreased by 7.6%, prices of 2 bedrooms properties went up by 0%, the cost of 3 bedrooms properties went up by 44.5%, prices of 4 bedrooms properties increased by 17.5%, 5 bedrooms properties became 0% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes remained the same, volume of 4 bedrooms homes went down by 33.3%, volume of 5 bedrooms homes stayed the same. In October 2021, from all listings sold in 78056, TX there were more than 0 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.