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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78222 is a buyer's market

Buyer's
Market

Difference Since January 2023

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

Key Takeaway

78222 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78222, TX

How much do homes in 78222, TX cost?

Median Sold Price

$244,990

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$10(0%)

Key Takeaway

The sold price of homes in 78222 has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 --
N/A
2 $156.5K$193K
+23.3%
3 $240K$229.7K
-4.3%
4 $267.7K$275K
+2.7%
5+ $289.9K$299.9K
+3.5%

Summary: 78222 housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.3%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 3.5%.

Median Sold Price Compared To Nearby Zip Codes

78220
+0.8%
78222
0%
78263
-0.3%
78210
-6.2%
78223
-6.7%

Housing Supply in 78222, TX

How many homes are available in 78222, TX?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
147151+2.7%

Summary: The 78222 real estate market had 151 homes for sale in January 2024, a 2.7% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 11
0.0%
3 8692
+7.0%
4 4945
-8.2%
5+ 1113
+18.2%

Summary: The 78222 housing inventory by bedroom type for January 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 7%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
2319-17.4%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 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. 68.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 78222 in January 2024, down by 17.4% month-over-month. Of the 19 sold homes, 68% were sold under asking, 16% were sold at asking, and 16% 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

Jan 2023Jan 2024CHANGE
44 Days66 Days+50.0%

Summary: Homes in 78222 had an average of 66 days on market in Jan 2024, up by 50% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78222 has remained consistent over time.

Summary: During January 2024, 19 homes were sold in 78222; 21% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.

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

Report Updated 29 Days Ago

Newest Listings in 78222, TX

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