Is 78155, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78155 is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 78155 was a Neutral Market.

Key Takeaway

78155 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78155, TX

How much do homes in 78155, TX cost?

Median Sold Price

$305,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$10,022(-3.2%)

Key Takeaway

Homes in 78155 have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in 78155 was $305,000 in April 2024, down 3.2% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $177.5K$330K
+85.9%
2 $220.5K$173.5K
-21.3%
3 $290.9K$280K
-3.8%
4 $355.1K$328.6K
-7.5%
5+ $464.4K$359.4K
-22.6%

Summary: 78155 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.9%, 2 bedroom homes decreased by 21.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 22.6%.

Median Sold Price Compared To Nearby Zip Codes

78124
+24.1%
78155
-3.2%
78130
-6.9%

Housing Supply in 78155, TX

How many homes are available in 78155, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
439457+4.1%

Summary: The 78155 real estate market had 457 homes for sale in April 2024, a 4.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 2425
+4.2%
3 190190
0.0%
4 195212
+8.7%
5+ 2828
0.0%

Summary: The 78155 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
62620.0%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78155, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 62 homes were sold or pending in 78155 in April 2024, the same as the previous month. Of the 62 sold homes, 50% were sold under asking, 34% were sold at asking, and 16% were sold over asking.

Days on Market for 78155, TX

How long does it take to sell a home in 78155, TX?

Average Sale Time

Apr 2023Apr 2024CHANGE
73 Days98 Days+33.7%

Summary: Homes in 78155 had an average of 98 days on market in Apr 2024, up by 33.7% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

26 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78155 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 62 homes were sold in 78155; 31% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 42% 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 9 Days Ago

Newest Listings in 78155, TX

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