Is 78214, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78214 is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 78214 was a Seller's Market.

Key Takeaway

78214 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78214, TX cost?

Median Sold Price

$176,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$21,000(+13.5%)

Key Takeaway

Homes in 78214 have sold for 13.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$81.4K
N/A
2 $133K$132.8K
-0.1%
3 $165.4K$195K
+17.9%
4 $240K$252K
+5.0%
5+ $250K$145K
-42.0%

Median Sold Price Compared To Nearby Zip Codes

78221
+17.2%
78211
+14.3%
78214
+13.5%
78210
+8.9%
78204
+5.5%

How many homes are available in 78214, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
7370-4.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 01
+100.0%
2 1211
-8.3%
3 4339
-9.3%
4 1616
0.0%
5+ 23
+50.0%

Number of Homes Sold

Oct 2022Nov 2022%
75-28.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78214, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
38 Days45 Days+19.2%

Breakdown of Home Sale Times

2 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 78214 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 78214, TX

Homes for sale in 78214, TX have reached 70. The number of homes for sale in 78214, TX decreased by 4.1% between October 2022 and November 2022. The median list price of listings available in November 2022 was $176,000, while the average time on the real estate market was 45 days. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went down by 0.1%, prices of 3 bedrooms properties increased by 17.9%, 4 bedrooms properties prices increased by 5%, the cost of 5 bedrooms properties went down by 42%. Housing inventory have changed in this real estate market: number of 1 bedroom homes increased by 100%, 2 bedrooms homes inventory decreased by 8.3%, 3 bedrooms homes inventory decreased by 9.3%, the quantity of 4 bedrooms homes have not changed, number of 5 bedrooms homes increased by 50%. While more than 1 listings in 78214, TX in November 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 4 were sold below.