Is 78222, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, 78222 was a Seller's Market.
Housing Prices in 78222, TX
How much do homes in 78222, TX cost?
Median Sold Price
$251,160
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in 78222 was $251,160 in June 2024, up 0.9% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $179.9K | $161.9K | -10.0% |
3 Bedrooms | $237.5K | $239K | +0.6% |
4 Bedrooms | $282.5K | $279.4K | -1.1% |
5+ Bedrooms | $303.4K | $292.5K | -3.6% |
Summary: 78222 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 3.6%.
Housing Supply in 78222, TX
How many homes are available in 78222, TX?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
173 | 188 | +8.7% |
Summary: The 78222 real estate market had 188 homes for sale in June 2024, a 8.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 100 | 100 | 0.0% |
4 Bedrooms | 51 | 62 | +21.6% |
5+ Bedrooms | 19 | 22 | +15.8% |
Summary: The 78222 housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
29 | 27 | -6.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 78222 in June 2024, down by 6.9% month-over-month. Of the 27 sold homes, 37% were sold under asking, 41% were sold at asking, and 22% were sold over asking.
Days on Market for 78222, TX
How long does it take to sell a home in 78222, TX?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
67 Days | 88 Days | +31.1% |
Summary: Homes in 78222 had an average of 88 days on market in Jun 2024, up by 31.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During June 2024, 27 homes were sold in 78222; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.