Is 78212, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 78212 was a Seller's Market.
Housing Prices in 78212, TX
How much do homes in 78212, TX cost?
Median Sold Price
$367,500
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78212 was $367,500 in March 2024, up 1.7% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $271.5K | $206K | -24.1% |
2 Bedrooms | $288.5K | $285K | -1.2% |
3 Bedrooms | $379.9K | $364.5K | -4.1% |
4 Bedrooms | $692K | $640K | -7.5% |
5+ Bedrooms | $490K | $1.1M | +127.2% |
Summary: 78212 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.1%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 127.2%.
Housing Supply in 78212, TX
How many homes are available in 78212, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
153 | 172 | +12.4% |
Summary: The 78212 real estate market had 172 homes for sale in March 2024, a 12.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 24 | 29 | +20.8% |
3 Bedrooms | 79 | 89 | +12.7% |
4 Bedrooms | 41 | 40 | -2.4% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The 78212 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 24 | +50.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 78212 in March 2024, up by 50.0% month-over-month. Of the 24 sold homes, 79% were sold under asking, 13% were sold at asking, and 8% were sold over asking.
Days on Market for 78212, TX
How long does it take to sell a home in 78212, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 86 Days | +38.3% |
Summary: Homes in 78212 had an average of 86 days on market in Mar 2024, up by 38.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in 78212; 21% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.