Is 78148, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78148 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 78148 has remained a Seller's Market.

Key Takeaway

78148 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78148, TX cost?

Median Sold Price

$245,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$31,000(+14.5%)

Key Takeaway

Homes in 78148 have sold for 14.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 --
N/A
2 $151.7K$180K
+18.6%
3 $200K$225K
+12.5%
4 $237.5K$275K
+15.8%
5+ $325K$285K
-12.3%

Median Sold Price Compared To Nearby Zip Codes

78233
+16.0%
78109
+15.8%
78148
+14.5%
78154
+12.2%

How many homes are available in 78148, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
7259-18.1%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 20
-100.0%
3 3835
-7.9%
4 2921
-27.6%
5+ 33
0.0%

Number of Homes Sold

Oct 2021Nov 2021%
2719-29.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78148, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.

Average Sale Time

Nov 2020Nov 2021%
34 Days35 Days+4.0%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78148 are selling fast, if you're buying plan to act quickly.

About 78148, TX

Number of homes for sale in 78148, TX real estate market have reached 59. In November 2021 in 78148, TX there were 18.1% less homes for sale than in October 2021. The median list price of listings available in November 2021 was $245,000, while the average time on the real estate market was 35 days. Listing prices have changed in this real estate market between October 2021 and November 2021: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices increased by 18.6%, the cost of 3 bedrooms properties went up by 12.5%, 4 bedrooms properties became 15.8% more expensive, prices of 5 bedrooms properties decreased by 12.3%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went down by 100%, number of 3 bedrooms homes decreased by 7.9%, volume of 4 bedrooms homes went down by 27.6%, 5 bedrooms homes did not move. 78148, TX housing market in November 2021 saw over 9 listings sold above listed price, more than 2 sold at listed price and over 8 sold below.