Is 78224, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 78224 was a Neutral Market.
Housing Prices in 78224, TX
How much do homes in 78224, TX cost?
Median Sold Price
$249,990
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 78224 was $249,990 in April 2024, up 3.3% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $181.2K | $202.4K | +11.7% |
3 Bedrooms | $225K | $235K | +4.4% |
4 Bedrooms | $290.4K | $274.9K | -5.3% |
5+ Bedrooms | $270K | $279.9K | +3.7% |
Summary: 78224 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in 78224, TX
How many homes are available in 78224, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
78 | 70 | -10.3% |
Summary: The 78224 real estate market had 70 homes for sale in April 2024, a 10.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 33 | 28 | -15.2% |
4 Bedrooms | 36 | 34 | -5.6% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 78224 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 9 | -59.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 78224 in April 2024, down by 59.1% month-over-month. Of the 9 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.
Days on Market for 78224, TX
How long does it take to sell a home in 78224, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
117 Days | 96 Days | -17.9% |
Summary: Homes in 78224 had an average of 96 days on market in Apr 2024, down by 17.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in 78224; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.