Is 78228, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 78228 was a Seller's Market.
Housing Prices in 78228, TX
How much do homes in 78228, TX cost?
Median Sold Price
$205,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 78228 was $205,000 in February 2024, down 11% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $154K | $152.2K | -1.1% |
3 Bedrooms | $222.5K | $206.7K | -7.1% |
4 Bedrooms | $287K | $222.5K | -22.5% |
5+ Bedrooms | $315K | $290K | -7.9% |
Summary: 78228 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 22.5%, and 5+ bedroom homes decreased by 7.9%.
Housing Supply in 78228, TX
How many homes are available in 78228, TX?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
109 | 133 | +22.0% |
Summary: The 78228 real estate market had 133 homes for sale in February 2024, a 22.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 14 | +75.0% |
3 Bedrooms | 75 | 84 | +12.0% |
4 Bedrooms | 20 | 26 | +30.0% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 78228 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 10 | -9.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 78228 in February 2024, down by 9.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for 78228, TX
How long does it take to sell a home in 78228, TX?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
77 Days | 49 Days | -37.2% |
Summary: Homes in 78228 had an average of 49 days on market in Feb 2024, down by 37.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 10 homes were sold in 78228; 20% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.