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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78232 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 78232 has remained a Seller's Market.

Key Takeaway

78232 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78232, TX

How much do homes in 78232, TX cost?

Median Sold Price

$392,666

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$2,333(-0.6%)

Key Takeaway

Homes in 78232 have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in 78232 was $392,666 in February 2024, down 0.6% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $160K$155K
-3.1%
2 $239K$257K
+7.5%
3 $372.1K$375K
+0.8%
4 $430K$427.5K
-0.6%
5+ $549K$589.9K
+7.4%

Summary: 78232 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 7.4%.

Median Sold Price Compared To Nearby Zip Codes

78216
+8.7%
78248
+7.4%
78258
0.3%
78232
-0.6%
78259
-7.8%

Housing Supply in 78232, TX

How many homes are available in 78232, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
121129+6.6%

Summary: The 78232 real estate market had 129 homes for sale in February 2024, a 6.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 55
0.0%
3 6066
+10.0%
4 4952
+6.1%
5+ 76
-14.3%

Summary: The 78232 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 remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2227+22.7%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

5 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. 74.1% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 78232 in February 2024, up by 22.7% month-over-month. Of the 27 sold homes, 74% were sold under asking, 19% were sold at asking, and 7% 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

Feb 2023Feb 2024CHANGE
74 Days42 Days-43.0%

Summary: Homes in 78232 had an average of 42 days on market in Feb 2024, down by 43% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78232 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 27 homes were sold in 78232; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 15% 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 27 Days Ago

Newest Listings in 78232, TX

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