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 2021

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

$242,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$35,000(+16.9%)

Key Takeaway

Homes in 78222 have sold for 16.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $160.7K$155K
-3.6%
3 $194K$237.5K
+22.4%
4 $231.9K$264.7K
+14.2%
5+ $270K$280K
+3.7%

Median Sold Price Compared To Nearby Zip Codes

78222
+16.9%
78223
+16.6%
78220
+15.1%
78210
+11.1%

How many homes are available in 78222, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
9591-4.2%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 12
+100.0%
3 5350
-5.7%
4 3632
-11.1%
5+ 57
+40.0%

Number of Homes Sold

Sep 2022Oct 2022%
2916-44.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78222, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
28 Days31 Days+12.6%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

6 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.

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

About 78222, TX

78222, TX has 91 homes on the market. In October 2022 in 78222, TX there were 4.2% less homes for sale than in September 2022. In October 2022, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $242,000. This housing market listing prices have changed between September 2022 and October 2022: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went down by 3.6%, the cost of 3 bedrooms properties went up by 22.4%, prices of 4 bedrooms properties increased by 14.2%, prices of 5 bedrooms properties went up by 3.7%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, number of 2 bedrooms homes increased by 100%, volume of 3 bedrooms homes went down by 5.7%, volume of 4 bedrooms homes went down by 11.1%, 5 bedrooms homes became 40% more available. In October 2022, from all listings sold in 78222, TX there were more than 4 sold above asking price, over 9 sold below and more than 3 were sold right at the asked price.