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 November 2021

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.

How much do homes in 78207, TX cost?

Median Sold Price

$140,000

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$9,033(+6.9%)

Key Takeaway

Homes in 78207 have sold for 6.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $80K$94K
+17.5%
2 $89K$99.4K
+11.7%
3 $154K$178K
+15.6%
4 $209.9K$198.5K
-5.5%
5+ $301.9K$526K
+74.2%

Median Sold Price Compared To Nearby Zip Codes

78225
+8.3%
78207
+6.9%
78204
+5.5%
78205
-2.1%

How many homes are available in 78207, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
98106+8.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 32
-33.3%
2 2629
+11.5%
3 5451
-5.6%
4 1216
+33.3%
5+ 38
+166.7%

Number of Homes Sold

Oct 2022Nov 2022%
187-61.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 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. 42.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
44 Days35 Days-20.9%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About 78207, TX

There are 106 homes are for sale in 78207, TX real estate market. The inventory of homes for sale in 78207, TX between October 2022 and November 2022 increased by 8.2%. The median list price of listings available in November 2022 was $140,000, while the average time on the real estate market was 35 days. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties prices increased by 17.5%, prices of 2 bedrooms properties went up by 11.7%, prices of 3 bedrooms properties increased by 15.6%, 4 bedrooms properties became 5.5% more cheaper, prices of 5 bedrooms properties went up by 74.2%. Volume of homes for sale changed: 1 bedroom homes became 33.3% less available, 2 bedrooms homes became 11.5% more available, 3 bedrooms homes inventory decreased by 5.6%, volume of 4 bedrooms homes went up by 33.3%, 5 bedrooms homes became 166.7% more available. In November 2022 more than 2 listings in 78207, TX were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 3 were sold below.