Is 78227, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 78227 has remained a Seller's Market.
Housing Prices in 78227, TX
How much do homes in 78227, TX cost?
Median Sold Price
$187,500
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78227 was $187,500 in March 2024, down 3.8% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143K | - | N/A |
2 Bedrooms | $141K | $137.5K | -2.5% |
3 Bedrooms | $190K | $180K | -5.3% |
4 Bedrooms | $225K | $216K | -4.0% |
5+ Bedrooms | $239.8K | $239.9K | 0.1% |
Summary: 78227 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 0.1%.
Housing Supply in 78227, TX
How many homes are available in 78227, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
81 | 103 | +27.2% |
Summary: The 78227 real estate market had 103 homes for sale in March 2024, a 27.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 51 | 63 | +23.5% |
4 Bedrooms | 24 | 34 | +41.7% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 78227 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 19 | +58.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 78227 in March 2024, up by 58.3% month-over-month. Of the 19 sold homes, 63% were sold under asking, 21% were sold at asking, and 16% were sold over asking.
Days on Market for 78227, TX
How long does it take to sell a home in 78227, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 62 Days | +24.4% |
Summary: Homes in 78227 had an average of 62 days on market in Mar 2024, up by 24.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in 78227; 53% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.