Is 78218, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78218 is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, 78218 has remained a Seller's Market.

Key Takeaway

78218 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78218, TX cost?

Median Sold Price

$236,200

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$26,700(+12.7%)

Key Takeaway

Homes in 78218 have sold for 12.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $345K$170K
-50.7%
3 $198K$229.5K
+15.9%
4 $230K$267K
+16.1%
5+ $277.6K$339K
+22.1%

Median Sold Price Compared To Nearby Zip Codes

78217
+16.0%
78239
+13.1%
78218
+12.7%
78219
+12.1%
78209
+9.0%

How many homes are available in 78218, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
8393+12.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 44
0.0%
3 5053
+6.0%
4 2532
+28.0%
5+ 44
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
2317-26.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78218, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
35 Days52 Days+46.3%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78218 has remained consistent over time.

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

About 78218, TX

There are 93 homes are for sale in 78218, TX real estate market. The number of homes for sale in 78218, TX increased by 12% between October 2022 and November 2022. In November 2022, listings were on the market for 52 days. During the same period, the median list price in this real estate market was $236,200. Listing prices have changed in this real estate market between October 2022 and November 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 50.7%, 3 bedrooms properties prices increased by 15.9%, 4 bedrooms properties became 16.1% more expensive, the cost of 5 bedrooms properties went up by 22.1%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes increased by 6%, number of 4 bedrooms homes increased by 28%, 5 bedrooms homes did not move. While more than 3 listings in 78218, TX in November 2022 were sold above asking price, there were more than 5 listings sold at asking price, and more than 9 were sold below.