Is 78216, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 78216 has remained a Seller's Market.
Housing Prices in 78216, TX
How much do homes in 78216, TX cost?
Median Sold Price
$331,666
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78216 was $331,666 in March 2024, up 3.4% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $125K | +4.2% |
2 Bedrooms | $175K | $185K | +5.7% |
3 Bedrooms | $314K | $300K | -4.5% |
4 Bedrooms | $469K | $408K | -13.0% |
5+ Bedrooms | $575K | $467K | -18.8% |
Summary: 78216 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 5.7%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 18.8%.
Housing Supply in 78216, TX
How many homes are available in 78216, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
104 | 119 | +14.4% |
Summary: The 78216 real estate market had 119 homes for sale in March 2024, a 14.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 10 | 0.0% |
2 Bedrooms | 12 | 15 | +25.0% |
3 Bedrooms | 51 | 67 | +31.4% |
4 Bedrooms | 24 | 22 | -8.3% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 78216 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 31.4%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 22 | +29.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 78216 in March 2024, up by 29.4% month-over-month. Of the 22 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for 78216, TX
How long does it take to sell a home in 78216, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 90 Days | +84.0% |
Summary: Homes in 78216 had an average of 90 days on market in Mar 2024, up by 84% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in 78216; 27% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 59% of homes were sold over 90 days.