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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78114 is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 78114 was a Seller's Market.

Key Takeaway

78114 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78114, TX cost?

Median Sold Price

$370,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$5,000(+1.4%)

Key Takeaway

Homes in 78114 have sold for 1.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $129.9K-
N/A
2 $200K$184K
-8.0%
3 $330K$327K
-0.9%
4 $434.9K$453K
+4.1%
5+ $500K$500.2K
0.1%

Median Sold Price Compared To Nearby Zip Codes

78101
+21.6%
78112
+9.1%
78114
+1.4%

How many homes are available in 78114, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
7677+1.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 22
0.0%
3 3034
+13.3%
4 3835
-7.9%
5+ 66
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
178-52.9%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78114, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
46 Days26 Days-42.8%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78114 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 78114, TX

78114, TX has 77 homes for sale to choose from. In November 2022 in 78114, TX there were 1.3% more homes for sale than in October 2022. Listings spent 26 days on the market in November 2022, and had a median list price of $370,000 during the same period. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 8% more cheaper, 3 bedrooms properties prices decreased by 0.9%, prices of 4 bedrooms properties increased by 4.1%, 5 bedrooms properties became 0.1% more expensive. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes remained the same, 3 bedrooms homes became 13.3% more available, number of 4 bedrooms homes decreased by 7.9%, the quantity of 5 bedrooms homes have not changed. 78114, TX housing market in November 2022 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 7 sold below.