Is 78114, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 78114 was a Seller's Market.
Housing Prices in 78114, TX
How much do homes in 78114, TX cost?
Median Sold Price
$400,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 78114 was $400,000 in April 2024, down 6.1% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $152K | $192K | +26.3% |
2 Bedrooms | $165K | $202K | +22.4% |
3 Bedrooms | $365K | $350K | -4.1% |
4 Bedrooms | $485K | $499.9K | +3.1% |
5+ Bedrooms | $500.2K | $630K | +25.9% |
Summary: 78114 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 22.4%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 25.9%.
Housing Supply in 78114, TX
How many homes are available in 78114, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
133 | 147 | +10.5% |
Summary: The 78114 real estate market had 147 homes for sale in April 2024, a 10.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 66 | 72 | +9.1% |
4 Bedrooms | 50 | 54 | +8.0% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The 78114 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 11 | -21.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 78114 in April 2024, down by 21.4% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for 78114, TX
How long does it take to sell a home in 78114, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
82 Days | 52 Days | -36.1% |
Summary: Homes in 78114 had an average of 52 days on market in Apr 2024, down by 36.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in 78114; 36% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.