Is 78217, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78217 is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 78217 was a Seller's Market.

Key Takeaway

78217 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

-$366(-0.1%)

Key Takeaway

The sold price of homes in 78217 has remained the same since last year.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $102K$118K
+15.7%
2 $163K$170K
+4.3%
3 $255K$255K
0.0%
4 $323.5K$300K
-7.3%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

78209
0.2%
78233
0%
78217
-0.1%
78247
-0.1%
78218
-4.6%

Housing Supply in 78217, TX

How many homes are available in 78217, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
118127+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

# BEDSJan 2024Feb 2024CHANGE
1 67
+16.7%
2 2631
+19.2%
3 5052
+4.0%
4 3334
+3.0%
5+ 33
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 2024Feb 2024CHANGE
1420+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78217, you may be able to get a good deal. 80% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
79 Days69 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78217 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 78217, TX

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