Is 78229, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 78229 has remained a Seller's Market.
Housing Prices in 78229, TX
How much do homes in 78229, TX cost?
Median Sold Price
$190,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 78229 was $190,000 in April 2024, up 2% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128K | $125K | -2.3% |
2 Bedrooms | $170K | $175K | +2.9% |
3 Bedrooms | $244.9K | $257.5K | +5.1% |
4 Bedrooms | $360K | $341K | -5.3% |
5+ Bedrooms | $500.2K | $480.4K | -4.0% |
Summary: 78229 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 4%.
Housing Supply in 78229, TX
How many homes are available in 78229, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
91 | 97 | +6.6% |
Summary: The 78229 real estate market had 97 homes for sale in April 2024, a 6.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 21 | +16.7% |
2 Bedrooms | 36 | 40 | +11.1% |
3 Bedrooms | 24 | 21 | -12.5% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 78229 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 17 | +70.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 78229 in April 2024, up by 70.0% month-over-month. Of the 17 sold homes, 59% were sold under asking, 41% were sold at asking, and 0% were sold over asking.
Days on Market for 78229, TX
How long does it take to sell a home in 78229, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 43 Days | -15.6% |
Summary: Homes in 78229 had an average of 43 days on market in Apr 2024, down by 15.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in 78229; 35% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.