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 April 2023

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.

Housing Prices in 78056, TX

How much do homes in 78056, TX cost?

Median Sold Price

$595,000

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$55,000(-8.5%)

Key Takeaway

Homes in 78056 have sold for 8.5% less than they did a year ago.

Summary: The median home sold price in 78056 was $595,000 in April 2024, down 8.5% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$567.4K
N/A
2 -$252K
N/A
3 $637.5K$577.5K
-9.4%
4 $690K$690K
0.0%
5+ -$664K
N/A

Summary: 78056 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 9.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

78063
+2.0%
78023
-5.1%
78253
-7.6%
78056
-8.5%

Housing Supply in 78056, TX

How many homes are available in 78056, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1618+12.5%

Summary: The 78056 real estate market had 18 homes for sale in April 2024, a 12.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 11
0.0%
3 911
+22.2%
4 45
+25.0%
5+ 11
0.0%

Summary: The 78056 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 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 78056, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 78056 in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 78056, TX

How long does it take to sell a home in 78056, TX?

Average Sale Time

Apr 2023Apr 2024CHANGE
16 Days8 Days-50.0%

Summary: Homes in 78056 had an average of 8 days on market in Apr 2024, down by 50% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78056 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in 78056; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 1 Day Ago

Newest Listings in 78056, TX

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