Is 78221, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78221 is a neutral's market

Buyer's
Market

Difference Since October 2021

At the same time last year, 78221 was a Seller's Market.

Key Takeaway

78221 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 78221, TX cost?

Median Sold Price

$222,666

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$28,266(+14.5%)

Key Takeaway

Homes in 78221 have sold for 14.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $105K$109.9K
+4.7%
2 $134K$140K
+4.5%
3 $185K$210K
+13.5%
4 $240K$270K
+12.5%
5+ $267.5K$300K
+12.1%

Median Sold Price Compared To Nearby Zip Codes

78224
+27.0%
78223
+16.6%
78221
+14.5%
78214
+10.8%

How many homes are available in 78221, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
104102-1.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 1416
+14.3%
3 5451
-5.6%
4 2726
-3.7%
5+ 88
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
2115-28.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78221, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
43 Days47 Days+7.2%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78221 are selling fast, if you're buying plan to act quickly.

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

About 78221, TX

Number of homes for sale in 78221, TX real estate market have reached 102. The number of listings in 78221, TX decreased by 1.9% between September 2022 and October 2022. Listings spent 47 days on the market in October 2022, and had a median list price of $222,666 during the same period. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 4.7%, 2 bedrooms properties became 4.5% more expensive, 3 bedrooms properties became 13.5% more expensive, the cost of 4 bedrooms properties went up by 12.5%, 5 bedrooms properties became 12.1% more expensive. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory increased by 14.3%, number of 3 bedrooms homes decreased by 5.6%, number of 4 bedrooms homes decreased by 3.7%, volume of 5 bedrooms homes stayed the same. While more than 3 listings in 78221, TX in October 2022 were sold above asking price, there were more than 6 listings sold at asking price, and more than 6 were sold below.