Is 78240, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 78240 has remained a Seller's Market.
Housing Prices in 78240, TX
How much do homes in 78240, TX cost?
Median Sold Price
$284,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 78240 was $284,000 in February 2024, down 0.4% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139.9K | $139K | -0.7% |
2 Bedrooms | $215K | $197K | -8.4% |
3 Bedrooms | $280K | $285K | +1.8% |
4 Bedrooms | $325K | $326.5K | 0.5% |
5+ Bedrooms | $370K | $385.5K | +4.2% |
Summary: 78240 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes decreased by 8.4%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 4.2%.
Housing Supply in 78240, TX
How many homes are available in 78240, TX?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
126 | 146 | +15.9% |
Summary: The 78240 real estate market had 146 homes for sale in February 2024, a 15.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 17 | +54.5% |
3 Bedrooms | 84 | 93 | +10.7% |
4 Bedrooms | 27 | 33 | +22.2% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 78240 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 54.5%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 26 | +62.5% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 78240 in February 2024, up by 62.5% month-over-month. Of the 26 sold homes, 65% were sold under asking, 15% were sold at asking, and 19% were sold over asking.
Days on Market for 78240, TX
How long does it take to sell a home in 78240, TX?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
84 Days | 70 Days | -15.8% |
Summary: Homes in 78240 had an average of 70 days on market in Feb 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During February 2024, 26 homes were sold in 78240; 35% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.