Is 78114, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78114 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 78114 has remained a Seller's Market.

Key Takeaway

78114 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78114, TX cost?

Median Sold Price

$357,000

$174/sqft

Based on all homes sold in November 2021.

Difference Since Last Month

-$93,000(-20.7%)

Key Takeaway

Homes in 78114 have sold for 20.7% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Nov 2021%
1 --
N/A
2 $116.5K-
N/A
3 $405K$295.7K
-27.0%
4 $487K$457K
-6.2%
5+ $650K-
N/A

Median Sold Price Compared To Nearby Zip Codes

78112
-18.1%
78114
-20.7%

How many homes are available in 78114, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
7369-5.5%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 55
0.0%
3 4440
-9.1%
4 1919
0.0%
5+ 55
0.0%

Number of Homes Sold

Oct 2021Nov 2021%
1914-26.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78114, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Nov 2021%
39 Days49 Days+24.4%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78114 has remained consistent over time.

About 78114, TX

Number of homes for sale in 78114, TX real estate market have reached 69. The number of listings in 78114, TX decreased by 5.5% between October 2021 and November 2021. While the average time on the market in November 2021 was 49 days, the median list price was $357,000. Real estate listing prices changed between November 2020 and November 2021: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 0%, the cost of 3 bedrooms properties went down by 27%, prices of 4 bedrooms properties went down by 6.2%, prices of 5 bedrooms properties increased by 0%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes decreased by 9.1%, volume of 4 bedrooms homes stayed the same, volume of 5 bedrooms homes stayed the same. While more than 6 listings in 78114, TX in November 2021 were sold above asking price, there were more than 5 listings sold at asking price, and more than 3 were sold below.