Is 78223, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 78223 was a Seller's Market.
Housing Prices in 78223, TX
How much do homes in 78223, TX cost?
Median Sold Price
$213,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78223 was $213,000 in March 2024, down 6.5% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $106K | $120.4K | +13.7% |
2 Bedrooms | $155K | $125K | -19.4% |
3 Bedrooms | $225K | $210.8K | -6.3% |
4 Bedrooms | $260K | $236.7K | -8.9% |
5+ Bedrooms | $338.2K | $325K | -3.9% |
Summary: 78223 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes decreased by 19.4%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes decreased by 3.9%.
Housing Supply in 78223, TX
How many homes are available in 78223, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
175 | 202 | +15.4% |
Summary: The 78223 real estate market had 202 homes for sale in March 2024, a 15.4% 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 | 22 | 29 | +31.8% |
3 Bedrooms | 98 | 116 | +18.4% |
4 Bedrooms | 50 | 51 | +2.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 78223 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 increased by 31.8%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 24 | -4.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 78223 in March 2024, down by 4.0% month-over-month. Of the 24 sold homes, 54% were sold under asking, 38% were sold at asking, and 8% were sold over asking.
Days on Market for 78223, TX
How long does it take to sell a home in 78223, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
69 Days | 53 Days | -22.5% |
Summary: Homes in 78223 had an average of 53 days on market in Mar 2024, down by 22.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in 78223; 46% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.