Is 78218, 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, 78218 was a Seller's Market.
Housing Prices in 78218, TX
How much do homes in 78218, TX cost?
Median Sold Price
$229,500
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78218 was $229,500 in March 2024, down 3.8% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $153.5K | $412K | +168.4% |
3 Bedrooms | $232.6K | $212K | -8.9% |
4 Bedrooms | $260K | $255K | -1.9% |
5+ Bedrooms | $334.9K | $310K | -7.5% |
Summary: 78218 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 168.4%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 7.5%.
Housing Supply in 78218, TX
How many homes are available in 78218, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
118 | 132 | +11.9% |
Summary: The 78218 real estate market had 132 homes for sale in March 2024, a 11.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 78 | 84 | +7.7% |
4 Bedrooms | 37 | 43 | +16.2% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 78218 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 100%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 22 | +22.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 78218 in March 2024, up by 22.2% month-over-month. Of the 22 sold homes, 50% were sold under asking, 32% were sold at asking, and 18% were sold over asking.
Days on Market for 78218, TX
How long does it take to sell a home in 78218, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
73 Days | 84 Days | +14.4% |
Summary: Homes in 78218 had an average of 84 days on market in Mar 2024, up by 14.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in 78218; 32% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.