Is 78238, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78238 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78238 has remained a Seller's Market.

Key Takeaway

78238 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78238, TX cost?

Median Sold Price

$212,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$12,100(+6.1%)

Key Takeaway

Homes in 78238 have sold for 6.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 --
N/A
2 -$140K
N/A
3 $189.7K$209.5K
+10.4%
4 $227.9K$234.4K
+2.8%
5+ $409K$267.5K
-34.6%

Median Sold Price Compared To Nearby Zip Codes

78250
+16.8%
78240
+13.1%
78251
+9.3%
78238
+6.1%

How many homes are available in 78238, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
6561-6.2%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 11
0.0%
3 4042
+5.0%
4 2215
-31.8%
5+ 23
+50.0%

Number of Homes Sold

Sep 2021Oct 2021%
2813-53.6%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78238, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
24 Days26 Days+8.0%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78238 are selling fast, if you're buying plan to act quickly.

About 78238, TX

Homes for sale in 78238, TX have reached 61. The number of listings in 78238, TX decreased by 6.2% between September 2021 and October 2021. In October 2021, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $212,000. Listing prices have changed in this real estate market between September 2021 and October 2021: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties became 0% more expensive, 3 bedrooms properties became 10.4% more expensive, 4 bedrooms properties prices increased by 2.8%, 5 bedrooms properties became 34.6% more cheaper. Volume of homes for sale changed: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory did not change, 3 bedrooms homes inventory increased by 5%, 4 bedrooms homes inventory decreased by 31.8%, the quantity of 5 bedrooms homes went up by 50%. 78238, TX housing market in October 2021 saw over 7 listings sold above listed price, more than 1 sold at listed price and over 5 sold below.