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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78223 is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, 78223 has remained a Buyer's Market.

Key Takeaway

78223 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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 February 2023

-$13,253(-5.9%)

Key Takeaway

Homes in 78223 have sold for 5.9% less than they did a year ago.

Summary: The median home sold price in 78223 was $213,000 in February 2024, down 5.9% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $106K$120.4K
+13.7%
2 $157.5K$125K
-20.6%
3 $224.5K$211.3K
-5.9%
4 $259.9K$233.4K
-10.2%
5+ $338.2K$325K
-3.9%

Summary: 78223 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes decreased by 20.6%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes decreased by 3.9%.

Median Sold Price Compared To Nearby Zip Codes

78112
+4.0%
78222
+1.6%
78221
+1.3%
78223
-5.9%

Housing Supply in 78223, TX

How many homes are available in 78223, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
176190+8.0%

Summary: The 78223 real estate market had 190 homes for sale in February 2024, a 8.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1922
+15.8%
3 108108
0.0%
4 4654
+17.4%
5+ 25
+150.0%

Summary: The 78223 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2523-8.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 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. 60.9% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 78223 in February 2024, down by 8.0% month-over-month. Of the 23 sold homes, 61% were sold under asking, 30% were sold at asking, and 9% 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

Feb 2023Feb 2024CHANGE
59 Days69 Days+17.6%

Summary: Homes in 78223 had an average of 69 days on market in Feb 2024, up by 17.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 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.

Summary: During February 2024, 23 homes were sold in 78223; 30% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 22% 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 2 Days Ago

Newest Listings in 78223, TX

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