Is 78207, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 78207 was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $93K | $72K | -22.6% |
2 Bedrooms | $98K | $100K | +2.0% |
3 Bedrooms | $171K | $185K | +8.2% |
4 Bedrooms | $250K | $244.9K | -2.0% |
5+ Bedrooms | $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%.
Housing Supply in 78207, TX
How many homes are available in 78207, TX?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
110 | 135 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 7 | +75.0% |
2 Bedrooms | 22 | 36 | +63.6% |
3 Bedrooms | 62 | 67 | +8.1% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 4 | 5 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 18 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
58 Days | 58 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
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.