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 2020

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

$475,000

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$78,000(+19.6%)

Key Takeaway

Homes in 78163 have sold for 19.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 --
N/A
2 $332.4K$585K
+76.0%
3 $408K$475K
+16.4%
4 $382.9K$470K
+22.7%
5+ $537K$470K
-12.5%

Median Sold Price Compared To Nearby Zip Codes

78261
+20.4%
78163
+19.6%
78260
+18.3%
78266
+12.8%

How many homes are available in 78163, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
9589-6.3%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 55
0.0%
3 3230
-6.3%
4 4943
-12.2%
5+ 911
+22.2%

Number of Homes Sold

Oct 2021Nov 2021%
1728+64.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

10 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. 42.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
84 Days47 Days-43.6%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78163 are selling fast, if you're buying plan to act quickly.

About 78163, TX

There are 89 homes are for sale in 78163, TX real estate market. Between October 2021 and November 2021, 78163, TX real estate market has seen decrease in the number of listings by 6.3%. While the average time on the market in November 2021 was 47 days, the median list price was $475,000. From October 2021 through November 2021, 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 increased by 76%, 3 bedrooms properties became 16.4% more expensive, prices of 4 bedrooms properties went up by 22.7%, prices of 5 bedrooms properties went down by 12.5%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes decreased by 6.3%, volume of 4 bedrooms homes went down by 12.2%, 5 bedrooms homes became 22.2% more available. While more than 10 listings in 78163, TX in November 2021 were sold above asking price, there were more than 6 listings sold at asking price, and more than 12 were sold below.