Is 78223, 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, 78223 was a Seller's Market.
Housing Prices in 78223, TX
How much do homes in 78223, TX cost?
Median Sold Price
$219,332
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in 78223 was $219,332 in June 2024, up 1.4% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128K | $117.4K | -8.2% |
2 Bedrooms | $145K | $125K | -13.8% |
3 Bedrooms | $215.6K | $215.1K | -0.2% |
4 Bedrooms | $249K | $241.9K | -2.8% |
5+ Bedrooms | $317.7K | $400.9K | +26.2% |
Summary: 78223 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 26.2%.
Housing Supply in 78223, TX
How many homes are available in 78223, TX?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
202 | 215 | +6.4% |
Summary: The 78223 real estate market had 215 homes for sale in June 2024, a 6.4% 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 | 31 | 28 | -9.7% |
3 Bedrooms | 122 | 131 | +7.4% |
4 Bedrooms | 45 | 52 | +15.6% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 78223 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 decreased by 9.7%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
33 | 31 | -6.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 78223 in June 2024, down by 6.1% month-over-month. Of the 31 sold homes, 45% were sold under asking, 32% were sold at asking, and 23% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
81 Days | 117 Days | +43.7% |
Summary: Homes in 78223 had an average of 117 days on market in Jun 2024, up by 43.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During June 2024, 31 homes were sold in 78223; 29% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.