Is 78119, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78119 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 78119 was a Seller's Market.

Key Takeaway

78119 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78119, TX cost?

Median Sold Price

$82,000

$65/sqft

Based on all homes sold in October 2022.

Difference Since Last Month

-$13,000(-13.7%)

Key Takeaway

Homes in 78119 have sold for 13.7% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2022Oct 2022%
1 --
N/A
2 $105K-
N/A
3 $95K$82K
-13.7%
4 $77.5K-
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Zip Codes

78118
-5.3%
78119
-13.7%

How many homes are available in 78119, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
1011+10.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 32
-33.3%
3 58
+60.0%
4 21
-50.0%
5+ 00
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78119, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Sep 2022Oct 2022%
23 Days648 Days+2717.4%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78119 are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About 78119, TX

78119, TX has 11 homes on the market. The number of homes for sale in 78119, TX increased by 10% between September 2022 and October 2022. The median list price of listings available in October 2022 was $82,000, while the average time on the real estate market was 648 days. From October 2021 through October 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 0%, prices of 3 bedrooms properties decreased by 13.7%, the cost of 4 bedrooms properties went up by 0%, 5 bedrooms properties became 0% more expensive. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes decreased by 33.3%, 3 bedrooms homes inventory increased by 60%, number of 4 bedrooms homes decreased by 50%, number of 5 bedrooms homes remained the same. In October 2022, from all listings sold in 78119, TX there were more than 0 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.