Is 78224, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78224 is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, 78224 was a Seller's Market.

Key Takeaway

78224 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78224, TX cost?

Median Sold Price

$234,990

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$49,990(+27.0%)

Key Takeaway

Homes in 78224 have sold for 27% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $65K-
N/A
2 $127.5K$205K
+60.8%
3 $183.7K$215K
+17.0%
4 $242.9K$291K
+19.8%
5+ $185K$225K
+21.6%

Median Sold Price Compared To Nearby Zip Codes

78224
+27.0%
78211
+14.5%
78221
+14.5%
78073
+7.5%

How many homes are available in 78224, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
5366+24.5%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 01
+100.0%
3 3139
+25.8%
4 2125
+19.0%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
57+40.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78224, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
49 Days39 Days-20.7%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78224 has remained consistent over time.

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

About 78224, TX

Homes for sale in 78224, TX have reached 66. In October 2022 in 78224, TX there were 24.5% more homes for sale than in September 2022. In October 2022 median list price was $234,990 and the average listing age was 39 days. This housing market listing prices have changed between September 2022 and October 2022: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 60.8%, prices of 3 bedrooms properties went up by 17%, prices of 4 bedrooms properties increased by 19.8%, 5 bedrooms properties became 21.6% more expensive. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went up by 100%, number of 3 bedrooms homes increased by 25.8%, volume of 4 bedrooms homes went up by 19%, 5 bedrooms homes inventory did not change. Over 1 listings were sold over their listed price in October 2022 in 78224, TX. In the same period over 5 listings were sold below the listed price and 1 listings were sold for the listed price.