Is 78109, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 78109 was a Seller's Market.
Housing Prices in 78109, TX
How much do homes in 78109, TX cost?
Median Sold Price
$269,568
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78109 was $269,568 in March 2024, down 2% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $181.2K | $189K | +4.3% |
3 Bedrooms | $255.9K | $252.9K | -1.2% |
4 Bedrooms | $297.5K | $295.1K | -0.8% |
5+ Bedrooms | $360K | $350K | -2.8% |
Summary: 78109 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 2.8%.
Housing Supply in 78109, TX
How many homes are available in 78109, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
383 | 412 | +7.6% |
Summary: The 78109 real estate market had 412 homes for sale in March 2024, a 7.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 7 | +133.3% |
3 Bedrooms | 206 | 219 | +6.3% |
4 Bedrooms | 149 | 165 | +10.7% |
5+ Bedrooms | 25 | 21 | -16.0% |
Summary: The 78109 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 16%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
75 | 54 | -28.0% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in 78109 in March 2024, down by 28.0% month-over-month. Of the 54 sold homes, 54% were sold under asking, 33% were sold at asking, and 13% were sold over asking.
Days on Market for 78109, TX
How long does it take to sell a home in 78109, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
69 Days | 87 Days | +26.3% |
Summary: Homes in 78109 had an average of 87 days on market in Mar 2024, up by 26.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 54 homes were sold in 78109; 41% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.