Is 78217, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 78217 was a Seller's Market.
Housing Prices in 78217, TX
How much do homes in 78217, TX cost?
Median Sold Price
$253,633
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 78217 was $253,633 in February 2024, down 0.1% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102K | $118K | +15.7% |
2 Bedrooms | $163K | $170K | +4.3% |
3 Bedrooms | $255K | $255K | 0.0% |
4 Bedrooms | $323.5K | $300K | -7.3% |
5+ Bedrooms | $460K | $346.5K | -24.7% |
Summary: 78217 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes increased by 4.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 24.7%.
Housing Supply in 78217, TX
How many homes are available in 78217, TX?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
118 | 127 | +7.6% |
Summary: The 78217 real estate market had 127 homes for sale in February 2024, a 7.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 26 | 31 | +19.2% |
3 Bedrooms | 50 | 52 | +4.0% |
4 Bedrooms | 33 | 34 | +3.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 78217 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
14 | 20 | +42.9% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 78217 in February 2024, up by 42.9% month-over-month. Of the 20 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for 78217, TX
How long does it take to sell a home in 78217, TX?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
79 Days | 69 Days | -13.4% |
Summary: Homes in 78217 had an average of 69 days on market in Feb 2024, down by 13.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 20 homes were sold in 78217; 50% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.