Is 78229, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78229 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 78229 was a Seller's Market.

Key Takeaway

78229 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 78229, TX cost?

Median Sold Price

$207,500

$153/sqft

Based on all homes sold in October 2021.

Difference Since Last Month

+$56,000(+37.0%)

Key Takeaway

Homes in 78229 have sold for 37% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Oct 2021%
1 $91K-
N/A
2 $144.9K$178K
+22.8%
3 $370K$557.5K
+50.7%
4 $547K$415K
-24.1%
5+ --
N/A

Median Sold Price Compared To Nearby Zip Codes

78229
+37.0%
78228
-4.8%

How many homes are available in 78229, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
7770-9.1%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 108
-20.0%
2 3325
-24.2%
3 2121
0.0%
4 1214
+16.7%
5+ 12
+100.0%

Number of Homes Sold

Sep 2021Oct 2021%
2610-61.5%

Asking Price vs. Sold Price

5 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 78229, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Oct 2021%
50 Days39 Days-21.7%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78229 are selling fast, if you're buying plan to act quickly.

About 78229, TX

Homes for sale in 78229, TX have reached 70. In October 2021 in 78229, TX there were 9.1% less homes for sale than in September 2021. While the average time on the market in October 2021 was 39 days, the median list price was $207,500. Real estate listing prices changed between October 2020 and October 2021: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 22.8%, 3 bedrooms properties became 50.7% more expensive, prices of 4 bedrooms properties decreased by 24.1%, 5 bedrooms properties became 0% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory decreased by 20%, number of 2 bedrooms homes decreased by 24.2%, 3 bedrooms homes inventory did not change, number of 4 bedrooms homes increased by 16.7%, volume of 5 bedrooms homes went up by 100%. In October 2021 more than 3 listings in 78229, TX were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 5 were sold below.