Is 78223, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78223 is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 78223 was a Seller's Market.

Key Takeaway

78223 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 78223, TX cost?

Median Sold Price

$221,100

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$30,600(+16.1%)

Key Takeaway

Homes in 78223 have sold for 16.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$140.9K
N/A
2 $115K$160K
+39.1%
3 $187.7K$220K
+17.2%
4 $235K$260K
+10.6%
5+ $268K$335K
+25.0%

Median Sold Price Compared To Nearby Zip Codes

78221
+17.2%
78223
+16.1%
78222
+16.0%
78112
+9.1%

How many homes are available in 78223, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
155168+8.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 33
0.0%
2 1613
-18.8%
3 99101
+2.0%
4 3547
+34.3%
5+ 24
+100.0%

Number of Homes Sold

Oct 2022Nov 2022%
2924-17.2%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78223, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
36 Days55 Days+52.6%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78223 has remained consistent over time.

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

About 78223, TX

Homes for sale in 78223, TX have reached 168. The inventory of homes for sale in 78223, TX between October 2022 and November 2022 increased by 8.4%. In November 2022, listings were on the market for 55 days. During the same period, the median list price in this real estate market was $221,100. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 39.1% more expensive, 3 bedrooms properties became 17.2% more expensive, 4 bedrooms properties became 10.6% more expensive, prices of 5 bedrooms properties increased by 25%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes decreased by 18.8%, 3 bedrooms homes inventory increased by 2%, the quantity of 4 bedrooms homes went up by 34.3%, 5 bedrooms homes inventory increased by 100%. In November 2022 more than 2 listings in 78223, TX were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 14 were sold below.