Is 78061, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78061 is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, 78061 was a Seller's Market.

Key Takeaway

78061 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78061, TX cost?

Median Sold Price

$180,000

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$61,500(+51.9%)

Key Takeaway

Homes in 78061 have sold for 51.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $87K$120.5K
+38.5%
3 $99.7K$137.2K
+37.6%
4 $260K$755K
+190.4%
5+ --
N/A

How many homes are available in 78061, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
16160.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 32
-33.3%
3 99
0.0%
4 34
+33.3%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
21-50.0%

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 78061, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
88 Days135 Days+52.5%

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 78061 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 78061, TX

78061, TX has 16 homes on the market. Listings spent 135 days on the market in October 2022, and had a median list price of $180,000 during the same period. Listing prices have changed in this real estate market between September 2022 and October 2022: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 38.5%, the cost of 3 bedrooms properties went up by 37.6%, 4 bedrooms properties prices increased by 190.4%, prices of 5 bedrooms properties increased by 0%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 33.3% less available, 3 bedrooms homes inventory did not change, 4 bedrooms homes became 33.3% more available, 5 bedrooms homes inventory did not change. While more than 0 listings in 78061, TX in October 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 1 were sold below.