Is 78240, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78240 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78240 has remained a Seller's Market.

Key Takeaway

78240 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78240, TX cost?

Median Sold Price

$242,600

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$28,100(+13.1%)

Key Takeaway

Homes in 78240 have sold for 13.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $87K$98.5K
+13.2%
2 $150K$159K
+6.0%
3 $208K$240K
+15.4%
4 $251K$275K
+9.6%
5+ $289K$330K
+14.2%

Median Sold Price Compared To Nearby Zip Codes

78250
+16.8%
78240
+13.1%
78230
+10.7%
78238
+6.1%

How many homes are available in 78240, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
173151-12.7%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 32
-33.3%
2 1616
0.0%
3 111101
-9.0%
4 3829
-23.7%
5+ 53
-40.0%

Number of Homes Sold

Sep 2021Oct 2021%
6238-38.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78240, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
31 Days30 Days-2.3%

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78240 are selling fast, if you're buying plan to act quickly.

About 78240, TX

Number of homes for sale in 78240, TX real estate market have reached 151. Between September 2021 and October 2021, 78240, TX real estate market has seen decrease in the number of listings by 12.7%. Listings spent 30 days on the market in October 2021, and had a median list price of $242,600 during the same period. From September 2021 through October 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 13.2% more expensive, the cost of 2 bedrooms properties went up by 6%, the cost of 3 bedrooms properties went up by 15.4%, prices of 4 bedrooms properties increased by 9.6%, 5 bedrooms properties prices increased by 14.2%. This housing market inventory have changed: number of 1 bedroom homes decreased by 33.3%, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes decreased by 9%, volume of 4 bedrooms homes went down by 23.7%, the quantity of 5 bedrooms homes went down by 40%. Over 18 listings were sold over their listed price in October 2021 in 78240, TX. In the same period over 11 listings were sold below the listed price and 9 listings were sold for the listed price.