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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78224 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78224 has remained a Seller's Market.

Key Takeaway

78224 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78224, TX cost?

Median Sold Price

$185,000

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$2,500(+1.4%)

Key Takeaway

Homes in 78224 have sold for 1.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 -$65K
N/A
2 $195K$127.5K
-34.6%
3 $162.5K$181K
+11.4%
4 $221K$242.9K
+9.9%
5+ $193.5K$185K
-4.4%

How many homes are available in 78224, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
3738+2.7%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 21
-50.0%
3 2727
0.0%
4 79
+28.6%
5+ 11
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
98-11.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were 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. 37.5% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
49 Days53 Days+7.4%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78224 are selling fast, if you're buying plan to act quickly.

About 78224, TX

Homes for sale in 78224, TX have reached 38. The number of homes for sale in 78224, TX increased by 2.7% between September 2021 and October 2021. In October 2021, listings were on the market for 53 days. During the same period, the median list price in this real estate market was $185,000. From September 2021 through October 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 34.6%, the cost of 3 bedrooms properties went up by 11.4%, prices of 4 bedrooms properties increased by 9.9%, prices of 5 bedrooms properties went down by 4.4%. This housing market inventory have changed: 1 bedroom homes inventory did not change, number of 2 bedrooms homes decreased by 50%, 3 bedrooms homes did not move, 4 bedrooms homes became 28.6% more available, 5 bedrooms homes inventory did not change. 78224, TX housing market in October 2021 saw over 3 listings sold above listed price, more than 2 sold at listed price and over 3 sold below.