Is 78108, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78108 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 78108 was a Seller's Market.

Key Takeaway

78108 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78108, TX

How much do homes in 78108, TX cost?

Median Sold Price

$349,994

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$10,002(-2.8%)

Key Takeaway

Homes in 78108 have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in 78108 was $349,994 in February 2024, down 2.8% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $243.5K$230K
-5.5%
3 $305.5K$305.6K
0.0%
4 $376.5K$369K
-2.0%
5+ $423.2K$415K
-1.9%

Summary: 78108 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.5%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 1.9%.

Median Sold Price Compared To Nearby Zip Codes

78124
+23.6%
78154
-0.9%
78108
-2.8%
78132
-8.6%

Housing Supply in 78108, TX

How many homes are available in 78108, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
298341+14.4%

Summary: The 78108 real estate market had 341 homes for sale in February 2024, a 14.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 55
0.0%
3 101122
+20.8%
4 146167
+14.4%
5+ 4647
+2.2%

Summary: The 78108 housing inventory by bedroom type for February 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 20.8%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 2.2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2940+37.9%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78108, you may be able to get a good deal. 45% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in 78108 in February 2024, up by 37.9% month-over-month. Of the 40 sold homes, 45% were sold under asking, 38% were sold at asking, and 18% were sold over asking.

Days on Market for 78108, TX

How long does it take to sell a home in 78108, TX?

Average Sale Time

Feb 2023Feb 2024CHANGE
78 Days79 Days0.4%

Summary: Homes in 78108 had an average of 79 days on market in Feb 2024, up by 0.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78108 has remained consistent over time.

Summary: During February 2024, 40 homes were sold in 78108; 23% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 38% 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 28 Days Ago

Newest Listings in 78108, TX

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