Is 78219, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78219 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 78219 was a Seller's Market.

Key Takeaway

78219 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 78219, TX

How much do homes in 78219, TX cost?

Median Sold Price

$215,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$15,300(+7.7%)

Key Takeaway

Homes in 78219 have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in 78219 was $215,000 in April 2024, up 7.7% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $155K$200K
+29.0%
3 $190.7K$210K
+10.1%
4 $238.1K$266.3K
+11.8%
5+ $329.9K$277.4K
-15.9%

Summary: 78219 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 15.9%.

Median Sold Price Compared To Nearby Zip Codes

78219
+7.7%
78218
-1.1%
78220
-2.0%

Housing Supply in 78219, TX

How many homes are available in 78219, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5456+3.7%

Summary: The 78219 real estate market had 56 homes for sale in April 2024, a 3.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 3635
-2.8%
4 1416
+14.3%
5+ 21
-50.0%

Summary: The 78219 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78219, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 78219 in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 78219, TX

How long does it take to sell a home in 78219, TX?

Average Sale Time

Apr 2023Apr 2024CHANGE
66 Days150 Days+126.3%

Summary: Homes in 78219 had an average of 150 days on market in Apr 2024, up by 126.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78219 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 8 homes were sold in 78219; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% 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 9 Days Ago

Newest Listings in 78219, TX

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