Is 78203, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 78203 was a Seller's Market.
Housing Prices in 78203, TX
How much do homes in 78203, TX cost?
Median Sold Price
$263,750
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78203 was $263,750 in March 2024, down 4.1% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102.5K | $157.5K | +53.7% |
2 Bedrooms | $210K | $130K | -38.1% |
3 Bedrooms | $277.2K | $278.4K | 0.4% |
4 Bedrooms | $312.5K | $285.7K | -8.6% |
5+ Bedrooms | $615K | $655K | +6.5% |
Summary: 78203 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.7%, 2 bedroom homes decreased by 38.1%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in 78203, TX
How many homes are available in 78203, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 64 | +20.8% |
Summary: The 78203 real estate market had 64 homes for sale in March 2024, a 20.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 35 | 44 | +25.7% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 78203 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 25.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 78203 in March 2024, up by 40.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for 78203, TX
How long does it take to sell a home in 78203, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
76 Days | 113 Days | +48.7% |
Summary: Homes in 78203 had an average of 113 days on market in Mar 2024, up by 48.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in 78203; 14% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.