Is 78121, 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, 78121 was a Neutral Market.
Housing Prices in 78121, TX
How much do homes in 78121, TX cost?
Median Sold Price
$525,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78121 was $525,000 in March 2024, up 1.6% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $300K | $382.5K | +27.5% |
3 Bedrooms | $435K | $419.7K | -3.5% |
4 Bedrooms | $558.5K | $550K | -1.5% |
5+ Bedrooms | $889K | $619.5K | -30.3% |
Summary: 78121 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 27.5%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 30.3%.
Median Sold Price Compared To Nearby Zip Codes
78101 | $544K | $574.9K | +5.7% |
78121 | $516.8K | $525K | +1.6% |
78152 | $315K | $275K | -12.7% |
Housing Supply in 78121, TX
How many homes are available in 78121, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
118 | 128 | +8.5% |
Summary: The 78121 real estate market had 128 homes for sale in March 2024, a 8.5% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 45 | 51 | +13.3% |
4 Bedrooms | 68 | 70 | +2.9% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 78121 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 remained the same, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 11 | -26.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 78121 in March 2024, down by 26.7% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for 78121, TX
How long does it take to sell a home in 78121, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
98 Days | 109 Days | +11.9% |
Summary: Homes in 78121 had an average of 109 days on market in Mar 2024, up by 11.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 78121; 9% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 64% of homes were sold over 90 days.