Is 78132, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78132 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 78132 was a Seller's Market.

Key Takeaway

78132 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78132, TX

How much do homes in 78132, TX cost?

Median Sold Price

$575,000

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$61,288(-9.6%)

Key Takeaway

Homes in 78132 have sold for 9.6% less than they did a year ago.

Summary: The median home sold price in 78132 was $575,000 in March 2024, down 9.6% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $488K-
N/A
2 $410K$555K
+35.4%
3 $567.4K$495.4K
-12.7%
4 $669.9K$630K
-6.0%
5+ $700K$972K
+38.9%

Summary: 78132 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 35.4%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 38.9%.

Median Sold Price Compared To Nearby Zip Codes

78108
-2.6%
78133
-5.8%
78130
-8.2%
78132
-9.6%
78266
-15.9%

Housing Supply in 78132, TX

How many homes are available in 78132, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
380437+15.0%

Summary: The 78132 real estate market had 437 homes for sale in March 2024, a 15.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 810
+25.0%
3 122135
+10.7%
4 204242
+18.6%
5+ 4650
+8.7%

Summary: The 78132 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 increased by 25%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 8.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3653+47.2%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78132, you may be able to get a good deal. 69.8% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in 78132 in March 2024, up by 47.2% month-over-month. Of the 53 sold homes, 70% were sold under asking, 25% were sold at asking, and 6% were sold over asking.

Days on Market for 78132, TX

How long does it take to sell a home in 78132, TX?

Average Sale Time

Mar 2023Mar 2024CHANGE
95 Days107 Days+12.7%

Summary: Homes in 78132 had an average of 107 days on market in Mar 2024, up by 12.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

26 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78132 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 53 homes were sold in 78132; 15% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 49% of homes were sold over 90 days.

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

Report Updated 24 Days Ago

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