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 2020

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

$208,933

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$23,434(+12.6%)

Key Takeaway

Homes in 78218 have sold for 12.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 --
N/A
2 $136K$343.7K
+152.8%
3 $185K$198.4K
+7.3%
4 $189.9K$230K
+21.1%
5+ $400.5K$280.2K
-30.0%

Median Sold Price Compared To Nearby Zip Codes

78239
+20.2%
78218
+12.6%
78209
+7.0%
78217
+5.4%

How many homes are available in 78218, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
118117-0.8%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 12
+100.0%
3 8984
-5.6%
4 2427
+12.5%
5+ 44
0.0%

Number of Homes Sold

Oct 2021Nov 2021%
31310.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78218, you could pay more than the asking price. 41.9% of homes here sold above asking price last month.

Average Sale Time

Nov 2020Nov 2021%
82 Days28 Days-65.2%

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78218 are selling fast, if you're buying plan to act quickly.

About 78218, TX

There are 117 homes are for sale in 78218, TX real estate market. The inventory of homes for sale in 78218, TX between October 2021 and November 2021 decreased by 0.8%. The median list price of listings available in November 2021 was $208,933, while the average time on the real estate market was 28 days. From October 2021 through November 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 152.8% more expensive, 3 bedrooms properties became 7.3% more expensive, the cost of 4 bedrooms properties went up by 21.1%, prices of 5 bedrooms properties decreased by 30%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 100% more available, number of 3 bedrooms homes decreased by 5.6%, 4 bedrooms homes inventory increased by 12.5%, the quantity of 5 bedrooms homes have not changed. Over 13 listings were sold over their listed price in November 2021 in 78218, TX. In the same period over 12 listings were sold below the listed price and 6 listings were sold for the listed price.