Is 78222, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78222 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78222 has remained a Seller's Market.

Key Takeaway

78222 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78222, TX cost?

Median Sold Price

$205,000

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$18,300(+9.8%)

Key Takeaway

Homes in 78222 have sold for 9.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 --
N/A
2 $153K$160.7K
+5.1%
3 $175K$194K
+10.9%
4 $209K$230K
+10.0%
5+ $228.7K$270K
+18.0%

Median Sold Price Compared To Nearby Zip Codes

78222
+9.8%
78210
+9.6%
78223
+7.2%
78263
+2.8%
78220
0%

How many homes are available in 78222, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
10092-8.0%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 23
+50.0%
3 6852
-23.5%
4 2629
+11.5%
5+ 48
+100.0%

Number of Homes Sold

Sep 2021Oct 2021%
3523-34.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78222, you could pay more than the asking price. 60.9% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
54 Days29 Days-45.5%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78222 are selling fast, if you're buying plan to act quickly.

About 78222, TX

There are 92 homes are for sale in 78222, TX real estate market. Between September 2021 and October 2021, 78222, TX real estate market has seen decrease in the number of listings by 8%. Listings spent 29 days on the market in October 2021, and had a median list price of $205,000 during the same period. Real estate listing prices changed between September 2021 and October 2021: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 5.1%, 3 bedrooms properties prices increased by 10.9%, prices of 4 bedrooms properties increased by 10%, 5 bedrooms properties prices increased by 18%. This housing market inventory have changed: 1 bedroom homes did not move, 2 bedrooms homes inventory increased by 50%, number of 3 bedrooms homes decreased by 23.5%, volume of 4 bedrooms homes went up by 11.5%, the quantity of 5 bedrooms homes went up by 100%. While more than 14 listings in 78222, TX in October 2021 were sold above asking price, there were more than 5 listings sold at asking price, and more than 4 were sold below.