Is 78231, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78231 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 78231 has remained a Seller's Market.

Key Takeaway

78231 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78231, TX cost?

Median Sold Price

$360,000

$178/sqft

Based on all homes sold in October 2021.

Difference Since Last Month

-$40,000(-10.0%)

Key Takeaway

Homes in 78231 have sold for 10% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Oct 2021%
1 --
N/A
2 $227.5K$244K
+7.3%
3 $300.7K$350K
+16.4%
4 $453K$404K
-10.8%
5+ --
N/A

How many homes are available in 78231, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
6147-23.0%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 67
+16.7%
3 2819
-32.1%
4 2315
-34.8%
5+ 46
+50.0%

Number of Homes Sold

Sep 2021Oct 2021%
2512-52.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78231, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Oct 2021%
37 Days48 Days+29.1%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78231 are selling fast, if you're buying plan to act quickly.

About 78231, TX

Homes for sale in 78231, TX have reached 47. In October 2021 in 78231, TX there were 23% less homes for sale than in September 2021. Listings spent 48 days on the market in October 2021, and had a median list price of $360,000 during the same period. From October 2020 through October 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 7.3%, 3 bedrooms properties became 16.4% more expensive, prices of 4 bedrooms properties went down by 10.8%, 5 bedrooms properties became 0% more expensive. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes became 16.7% more available, 3 bedrooms homes inventory decreased by 32.1%, the quantity of 4 bedrooms homes went down by 34.8%, number of 5 bedrooms homes increased by 50%. While more than 2 listings in 78231, TX in October 2021 were sold above asking price, there were more than 2 listings sold at asking price, and more than 8 were sold below.