Is 78163, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78163 is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, 78163 has remained a Seller's Market.

Key Takeaway

78163 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78163, TX cost?

Median Sold Price

$579,962

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$109,962(+23.4%)

Key Takeaway

Homes in 78163 have sold for 23.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $585K$437.5K
-25.2%
3 $475K$522.5K
+10.0%
4 $469K$596K
+27.1%
5+ $465K$650K
+39.8%

Median Sold Price Compared To Nearby Zip Codes

78163
+23.4%
78260
+20.4%
78266
+20.3%
78261
+14.9%

How many homes are available in 78163, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
9594-1.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 54
-20.0%
3 2927
-6.9%
4 4145
+9.8%
5+ 1917
-10.5%

Number of Homes Sold

Oct 2022Nov 2022%
17170.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78163, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
45 Days64 Days+43.3%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78163 has remained consistent over time.

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

About 78163, TX

There are 94 homes are for sale in 78163, TX real estate market. Between October 2022 and November 2022, 78163, TX real estate market has seen decrease in the number of listings by 1.1%. The median list price of listings available in November 2022 was $579,962, while the average time on the real estate market was 64 days. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 25.2% more cheaper, the cost of 3 bedrooms properties went up by 10%, the cost of 4 bedrooms properties went up by 27.1%, the cost of 5 bedrooms properties went up by 39.8%. This housing market inventory have changed: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory decreased by 20%, the quantity of 3 bedrooms homes went down by 6.9%, 4 bedrooms homes became 9.8% more available, the quantity of 5 bedrooms homes went down by 10.5%. In November 2022 more than 2 listings in 78163, TX were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 9 were sold below.