Is 78207, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78207 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 78207 was a Seller's Market.

Key Takeaway

78207 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78207, TX

How much do homes in 78207, TX cost?

Median Sold Price

$172,750

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$32,750(+23.4%)

Key Takeaway

Homes in 78207 have sold for 23.4% more than they did a year ago.

Summary: The median home sold price in 78207 was $172,750 in February 2024, up 23.4% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $93K$72K
-22.6%
2 $98K$100K
+2.0%
3 $171K$185K
+8.2%
4 $250K$244.9K
-2.0%
5+ $325.5K$354.9K
+9.0%

Summary: 78207 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.6%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 9%.

Median Sold Price Compared To Nearby Zip Codes

78207
+23.4%
78225
+3.1%
78204
-16.7%

Housing Supply in 78207, TX

How many homes are available in 78207, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
110135+22.7%

Summary: The 78207 real estate market had 135 homes for sale in February 2024, a 22.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 47
+75.0%
2 2236
+63.6%
3 6267
+8.1%
4 1820
+11.1%
5+ 45
+25.0%

Summary: The 78207 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 63.6%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
918+100.0%

Asking Price vs. Sold Price

10 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 78207, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 78207 in February 2024, up by 100.0% month-over-month. Of the 18 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.

Days on Market for 78207, TX

How long does it take to sell a home in 78207, TX?

Average Sale Time

Feb 2023Feb 2024CHANGE
58 Days58 Days+0.7%

Summary: Homes in 78207 had an average of 58 days on market in Feb 2024, up by 0.7% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78207 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 18 homes were sold in 78207; 50% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 22% 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 27 Days Ago

Newest Listings in 78207, TX

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