Is 78204, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78204 is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, 78204 was a Seller's Market.

Key Takeaway

78204 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78204, TX cost?

Median Sold Price

$298,500

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$34,250(+13.0%)

Key Takeaway

Homes in 78204 have sold for 13% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $251.2K$265K
+5.5%
2 $240K$285K
+18.8%
3 $320K$342.5K
+7.0%
4 $562K$382.3K
-32.0%
5+ $390K$400K
+2.6%

Median Sold Price Compared To Nearby Zip Codes

78225
+14.3%
78204
+13.0%
78210
+11.1%
78207
+7.7%
78205
+1.7%

How many homes are available in 78204, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
5364+20.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 67
+16.7%
2 1317
+30.8%
3 2229
+31.8%
4 109
-10.0%
5+ 22
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
67+16.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78204, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
56 Days73 Days+29.5%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 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 78204 has remained consistent over time.

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

About 78204, TX

78204, TX has 64 homes for sale to choose from. The inventory of homes for sale in 78204, TX between September 2022 and October 2022 increased by 20.8%. The median list price of listings available in October 2022 was $298,500, while the average time on the real estate market was 73 days. This housing market listing prices have changed between September 2022 and October 2022: 1 bedroom properties became 5.5% more expensive, the cost of 2 bedrooms properties went up by 18.8%, 3 bedrooms properties prices increased by 7%, prices of 4 bedrooms properties decreased by 32%, prices of 5 bedrooms properties increased by 2.6%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory increased by 16.7%, 2 bedrooms homes inventory increased by 30.8%, the quantity of 3 bedrooms homes went up by 31.8%, 4 bedrooms homes inventory decreased by 10%, 5 bedrooms homes did not move. Over 1 listings were sold over their listed price in October 2022 in 78204, TX. In the same period over 5 listings were sold below the listed price and 1 listings were sold for the listed price.