Is 78239, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78239 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 78239 has remained a Seller's Market.

Key Takeaway

78239 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78239, TX

How much do homes in 78239, TX cost?

Median Sold Price

$242,500

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$6,279(-2.5%)

Key Takeaway

Homes in 78239 have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in 78239 was $242,500 in April 2024, down 2.5% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $75K-
N/A
2 $174K$177.5K
+2.0%
3 $235K$235.2K
0.1%
4 $276K$275K
-0.4%
5+ $327.5K$292K
-10.8%

Summary: 78239 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 10.8%.

Median Sold Price Compared To Nearby Zip Codes

78218
-1.1%
78239
-2.5%
78233
-3.1%
78109
-3.1%
78244
-4.8%

Housing Supply in 78239, TX

How many homes are available in 78239, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
129145+12.4%

Summary: The 78239 real estate market had 145 homes for sale in April 2024, a 12.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 22
0.0%
3 8291
+11.0%
4 4044
+10.0%
5+ 58
+60.0%

Summary: The 78239 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 remained the same, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2426+8.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78239, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 78239 in April 2024, up by 8.3% month-over-month. Of the 26 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% were sold over asking.

Days on Market for 78239, TX

How long does it take to sell a home in 78239, TX?

Average Sale Time

Apr 2023Apr 2024CHANGE
48 Days58 Days+20.9%

Summary: Homes in 78239 had an average of 58 days on market in Apr 2024, up by 20.9% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78239 has remained consistent over time.

Summary: During April 2024, 26 homes were sold in 78239; 35% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 19% 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 9 Days Ago

Newest Listings in 78239, TX

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