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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78108 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78108 has remained a Seller's Market.

Key Takeaway

78108 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78108, TX cost?

Median Sold Price

$295,900

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$28,550(+10.7%)

Key Takeaway

Homes in 78108 have sold for 10.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 --
N/A
2 $162.3K$200K
+23.2%
3 $225K$255K
+13.3%
4 $280.7K$315K
+12.2%
5+ $331.9K$364.5K
+9.8%

Median Sold Price Compared To Nearby Zip Codes

78132
+19.6%
78108
+10.7%
78154
+9.0%

How many homes are available in 78108, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
252210-16.7%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 43
-25.0%
3 7277
+6.9%
4 141109
-22.7%
5+ 3521
-40.0%

Number of Homes Sold

Sep 2021Oct 2021%
10259-42.2%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

35 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78108, you could pay more than the asking price. 59.3% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
46 Days24 Days-47.0%

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78108 are selling fast, if you're buying plan to act quickly.

About 78108, TX

Homes for sale in 78108, TX have reached 210. Between September 2021 and October 2021, 78108, TX real estate market has seen decrease in the number of listings by 16.7%. Listings spent 24 days on the market in October 2021, and had a median list price of $295,900 during the same period. Real estate listing prices changed between September 2021 and October 2021: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties increased by 23.2%, 3 bedrooms properties became 13.3% more expensive, the cost of 4 bedrooms properties went up by 12.2%, prices of 5 bedrooms properties went up by 9.8%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went down by 25%, volume of 3 bedrooms homes went up by 6.9%, number of 4 bedrooms homes decreased by 22.7%, 5 bedrooms homes inventory decreased by 40%. Over 35 listings were sold over their listed price in October 2021 in 78108, TX. In the same period over 15 listings were sold below the listed price and 9 listings were sold for the listed price.