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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78240 is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 78240 was a Seller's Market.

Key Takeaway

78240 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78240, TX cost?

Median Sold Price

$284,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$40,000(+16.4%)

Key Takeaway

Homes in 78240 have sold for 16.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $99.2K$129.9K
+30.9%
2 $163.7K$213.2K
+30.2%
3 $242K$277.5K
+14.7%
4 $280K$320K
+14.3%
5+ $338.5K$363.7K
+7.5%

Median Sold Price Compared To Nearby Zip Codes

78240
+16.4%
78238
+15.2%
78249
+14.8%
78229
+13.9%
78230
+5.2%

How many homes are available in 78240, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
138135-2.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 21
-50.0%
2 1210
-16.7%
3 8582
-3.5%
4 2933
+13.8%
5+ 109
-10.0%

Number of Homes Sold

Oct 2022Nov 2022%
3019-36.7%

Asking Price vs. Sold Price

11 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 78240, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
31 Days52 Days+66.9%

Breakdown of Home Sale Times

6 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

Avg time on Rocket Homes in 78240 has remained consistent over time.

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

About 78240, TX

78240, TX has 135 homes on the market. The number of homes for sale in 78240, TX decreased by 2.2% between October 2022 and November 2022. Listings spent 52 days on the market in November 2022, and had a median list price of $284,000 during the same period. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties prices increased by 30.9%, 2 bedrooms properties prices increased by 30.2%, prices of 3 bedrooms properties increased by 14.7%, the cost of 4 bedrooms properties went up by 14.3%, 5 bedrooms properties became 7.5% more expensive. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 50%, 2 bedrooms homes became 16.7% less available, 3 bedrooms homes inventory decreased by 3.5%, volume of 4 bedrooms homes went up by 13.8%, 5 bedrooms homes became 10% less available. Over 7 listings were sold over their listed price in November 2022 in 78240, TX. In the same period over 11 listings were sold below the listed price and 1 listings were sold for the listed price.