Is 78108, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 78108 was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $243.5K | $230K | -5.5% |
3 Bedrooms | $305.5K | $305.6K | 0.0% |
4 Bedrooms | $376.5K | $369K | -2.0% |
5+ Bedrooms | $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%.
Housing Supply in 78108, TX
How many homes are available in 78108, TX?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
298 | 341 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 101 | 122 | +20.8% |
4 Bedrooms | 146 | 167 | +14.4% |
5+ Bedrooms | 46 | 47 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
29 | 40 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
78 Days | 79 Days | 0.4% |
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
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.