Is 78242, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78242 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 78242 has remained a Seller's Market.

Key Takeaway

78242 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78242, TX cost?

Median Sold Price

$175,000

$153/sqft

Based on all homes sold in November 2021.

Difference Since Last Month

+$10,000(+6.1%)

Key Takeaway

Homes in 78242 have sold for 6.1% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Nov 2021%
1 --
N/A
2 --
N/A
3 $161K$167.5K
+4.0%
4 $200K$335K
+67.5%
5+ -$223K
N/A

Median Sold Price Compared To Nearby Zip Codes

78226
+59.6%
78242
+6.1%
78211
-2.0%

How many homes are available in 78242, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
8174-8.6%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 24
+100.0%
3 5956
-5.1%
4 1811
-38.9%
5+ 23
+50.0%

Number of Homes Sold

Oct 2021Nov 2021%
2013-35.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78242, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Nov 2021%
20 Days25 Days+23.8%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78242 are selling fast, if you're buying plan to act quickly.

About 78242, TX

Homes for sale in 78242, TX have reached 74. Between October 2021 and November 2021, 78242, TX real estate market has seen decrease in the number of listings by 8.6%. While the average time on the market in November 2021 was 25 days, the median list price was $175,000. From November 2020 through November 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 0% more expensive, 3 bedrooms properties became 4% more expensive, 4 bedrooms properties became 67.5% more expensive, the cost of 5 bedrooms properties went up by 0%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, 2 bedrooms homes became 100% more available, 3 bedrooms homes inventory decreased by 5.1%, the quantity of 4 bedrooms homes went down by 38.9%, number of 5 bedrooms homes increased by 50%. In November 2021 more than 9 listings in 78242, TX were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 1 were sold below.