Is 78210, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78210 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 78210 was a Seller's Market.

Key Takeaway

78210 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78210, TX

How much do homes in 78210, TX cost?

Median Sold Price

$240,333

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$4,166(-1.7%)

Key Takeaway

Homes in 78210 have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in 78210 was $240,333 in March 2024, down 1.7% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $150.5K$315K
+109.3%
2 $200K$160.5K
-19.8%
3 $242.5K$252.8K
+4.3%
4 $401.7K$299K
-25.6%
5+ $721.8K$365K
-49.4%

Summary: 78210 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 109.3%, 2 bedroom homes decreased by 19.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 25.6%, and 5+ bedroom homes decreased by 49.4%.

Median Sold Price Compared To Nearby Zip Codes

78205
+8.2%
78210
-1.7%
78203
-4.1%
78204
-5.3%

Housing Supply in 78210, TX

How many homes are available in 78210, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
201245+21.9%

Summary: The 78210 real estate market had 245 homes for sale in March 2024, a 21.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 46
+50.0%
2 5061
+22.0%
3 113143
+26.5%
4 2525
0.0%
5+ 910
+11.1%

Summary: The 78210 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 26.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1122+100.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78210, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 78210 in March 2024, up by 100.0% month-over-month. Of the 22 sold homes, 55% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for 78210, TX

How long does it take to sell a home in 78210, TX?

Average Sale Time

Mar 2023Mar 2024CHANGE
65 Days102 Days+55.6%

Summary: Homes in 78210 had an average of 102 days on market in Mar 2024, up by 55.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78210 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 22 homes were sold in 78210; 18% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 45% 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 25 Days Ago

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