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 January 2022

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.

How much do homes in 78232, TX cost?

Median Sold Price

$389,750

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$49,750(+14.6%)

Key Takeaway

Homes in 78232 have sold for 14.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $145K$160K
+10.3%
2 $202K$239K
+18.3%
3 $323.1K$360K
+11.4%
4 $361.9K$428K
+18.3%
5+ $422.1K$500K
+18.4%

Median Sold Price Compared To Nearby Zip Codes

78232
+14.6%
78258
+14.2%
78259
+13.3%
78248
+11.8%
78216
+11.5%

How many homes are available in 78232, TX?

Number of Homes For Sale

Dec 2022Jan 2023%
117113-3.4%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 77
0.0%
3 5050
0.0%
4 5350
-5.7%
5+ 76
-14.3%

Number of Homes Sold

Dec 2022Jan 2023%
2223+4.5%

Asking Price vs. Sold Price

16 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. 69.6% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
29 Days68 Days+135.6%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

7 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.

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

About 78232, TX

Number of homes for sale in 78232, TX real estate market have reached 113. Between December 2022 and January 2023, 78232, TX real estate market has seen decrease in the number of listings by 3.4%. Listings spent 68 days on the market in January 2023, and had a median list price of $389,750 during the same period. From December 2022 through January 2023, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 10.3%, 2 bedrooms properties prices increased by 18.3%, prices of 3 bedrooms properties increased by 11.4%, 4 bedrooms properties became 18.3% more expensive, the cost of 5 bedrooms properties went up by 18.4%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes did not move, 3 bedrooms homes inventory did not change, volume of 4 bedrooms homes went down by 5.7%, number of 5 bedrooms homes decreased by 14.3%. Over 2 listings were sold over their listed price in January 2023 in 78232, TX. In the same period over 16 listings were sold below the listed price and 5 listings were sold for the listed price.