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 2021

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

$294,500

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$49,500(+20.2%)

Key Takeaway

Homes in 78148 have sold for 20.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $180K$179.5K
-0.3%
3 $225K$265K
+17.8%
4 $275K$319.9K
+16.3%
5+ $285K$355K
+24.6%

Median Sold Price Compared To Nearby Zip Codes

78148
+20.2%
78154
+17.5%
78109
+17.1%
78233
+13.3%

How many homes are available in 78148, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
63630.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 00
0.0%
3 2526
+4.0%
4 3433
-2.9%
5+ 44
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
917+88.9%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78148, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
32 Days43 Days+35.6%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78148 has remained consistent over time.

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

About 78148, TX

78148, TX has 63 homes for sale to choose from. The median list price of listings available in November 2022 was $294,500, while the average time on the real estate market was 43 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 0.3%, prices of 3 bedrooms properties went up by 17.8%, prices of 4 bedrooms properties went up by 16.3%, prices of 5 bedrooms properties went up by 24.6%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes stayed the same, number of 3 bedrooms homes increased by 4%, 4 bedrooms homes became 2.9% less available, the quantity of 5 bedrooms homes have not changed. In November 2022 more than 4 listings in 78148, TX were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 7 were sold below.