Is 78220, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 78220 was a Seller's Market.
Housing Prices in 78220, TX
How much do homes in 78220, TX cost?
Median Sold Price
$195,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 78220 was $195,000 in April 2024, down 2% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $92.5K | - | N/A |
2 Bedrooms | $130K | $118K | -9.2% |
3 Bedrooms | $199K | $195K | -2.0% |
4 Bedrooms | $221K | $224.5K | +1.6% |
5+ Bedrooms | $227.5K | - | N/A |
Summary: 78220 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 decreased by 9.2%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes did not change.
Housing Supply in 78220, TX
How many homes are available in 78220, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
84 | 97 | +15.5% |
Summary: The 78220 real estate market had 97 homes for sale in April 2024, a 15.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 60 | 70 | +16.7% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 78220 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 28.6%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 11 | +57.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 78220 in April 2024, up by 57.1% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for 78220, TX
How long does it take to sell a home in 78220, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
78 Days | 80 Days | +3.1% |
Summary: Homes in 78220 had an average of 80 days on market in Apr 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in 78220; 36% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.