Is 78222, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 78222 has remained a Seller's Market.
Housing Prices in 78222, TX
How much do homes in 78222, TX cost?
Median Sold Price
$248,990
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78222 was $248,990 in March 2024, up 1.6% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $180K | $184.9K | +2.8% |
3 Bedrooms | $239K | $230K | -3.8% |
4 Bedrooms | $267.3K | $275K | +2.9% |
5+ Bedrooms | $298.4K | $299.9K | 0.5% |
Summary: 78222 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.8%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 0.5%.
Housing Supply in 78222, TX
How many homes are available in 78222, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
158 | 174 | +10.1% |
Summary: The 78222 real estate market had 174 homes for sale in March 2024, a 10.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 88 | 100 | +13.6% |
4 Bedrooms | 53 | 58 | +9.4% |
5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The 78222 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 31 | +55.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 78222 in March 2024, up by 55.0% month-over-month. Of the 31 sold homes, 55% were sold under asking, 32% were sold at asking, and 13% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 108 Days | +62.7% |
Summary: Homes in 78222 had an average of 108 days on market in Mar 2024, up by 62.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in 78222; 23% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.