Is 78232, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78232 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 78232 was a Seller's Market.

Key Takeaway

78232 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 78232, TX

How much do homes in 78232, TX cost?

Median Sold Price

$392,833

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$6,583(+1.7%)

Key Takeaway

Homes in 78232 have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in 78232 was $392,833 in April 2024, up 1.7% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $160K$155K
-3.1%
2 $243K$256K
+5.3%
3 $360K$380K
+5.6%
4 $415K$430K
+3.6%
5+ $559.5K$629K
+12.4%

Summary: 78232 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 12.4%.

Median Sold Price Compared To Nearby Zip Codes

78248
+6.8%
78216
+3.1%
78232
+1.7%
78258
+1.0%
78259
-3.1%

Housing Supply in 78232, TX

How many homes are available in 78232, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
136153+12.5%

Summary: The 78232 real estate market had 153 homes for sale in April 2024, a 12.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1011
+10.0%
3 7279
+9.7%
4 4857
+18.8%
5+ 66
0.0%

Summary: The 78232 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3025-16.7%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78232, you may be able to get a good deal. 76% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 78232 in April 2024, down by 16.7% month-over-month. Of the 25 sold homes, 76% were sold under asking, 16% were sold at asking, and 8% were sold over asking.

Days on Market for 78232, TX

How long does it take to sell a home in 78232, TX?

Average Sale Time

Apr 2023Apr 2024CHANGE
50 Days64 Days+28.0%

Summary: Homes in 78232 had an average of 64 days on market in Apr 2024, up by 28% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78232 has remained consistent over time.

Summary: During April 2024, 25 homes were sold in 78232; 36% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in 78232, TX

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