Is 78227, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78227 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 78227 has remained a Seller's Market.

Key Takeaway

78227 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78227, TX cost?

Median Sold Price

$179,500

$134/sqft

Based on all homes sold in October 2021.

Difference Since Last Month

+$9,500(+5.6%)

Key Takeaway

Homes in 78227 have sold for 5.6% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Oct 2021%
1 $42.5K-
N/A
2 $142.7K$156.5K
+9.6%
3 $164.2K$173K
+5.3%
4 $253K$207K
-18.2%
5+ $250K$227K
-9.2%

Median Sold Price Compared To Nearby Zip Codes

78227
+5.6%
78237
-21.7%

How many homes are available in 78227, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
8598+15.3%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 10
-100.0%
2 43
-25.0%
3 5660
+7.1%
4 2232
+45.5%
5+ 23
+50.0%

Number of Homes Sold

Sep 2021Oct 2021%
2522-12.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78227, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Oct 2021%
29 Days42 Days+45.1%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78227 are selling fast, if you're buying plan to act quickly.

About 78227, TX

78227, TX has 98 homes for sale to choose from. Between September 2021 and October 2021, 78227, TX real estate market has seen increase in the number of listings by 15.3%. In October 2021 median list price was $179,500 and the average listing age was 42 days. Real estate listing prices changed between October 2020 and October 2021: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 9.6%, the cost of 3 bedrooms properties went up by 5.3%, 4 bedrooms properties prices decreased by 18.2%, prices of 5 bedrooms properties decreased by 9.2%. Volume of homes for sale changed: 1 bedroom homes inventory decreased by 100%, the quantity of 2 bedrooms homes went down by 25%, the quantity of 3 bedrooms homes went up by 7.1%, 4 bedrooms homes inventory increased by 45.5%, 5 bedrooms homes inventory increased by 50%. In October 2021 more than 14 listings in 78227, TX were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 6 were sold below.