Is 78242, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 78242 was a Seller's Market.
Housing Prices in 78242, TX
How much do homes in 78242, TX cost?
Median Sold Price
$205,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78242 was $205,000 in March 2024, up 3% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $182K | $205K | +12.6% |
3 Bedrooms | $185K | $192.5K | +4.1% |
4 Bedrooms | $240K | $223.6K | -6.8% |
5+ Bedrooms | $263K | $159K | -39.5% |
Summary: 78242 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 39.5%.
Housing Supply in 78242, TX
How many homes are available in 78242, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
83 | 89 | +7.2% |
Summary: The 78242 real estate market had 89 homes for sale in March 2024, a 7.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 55 | 60 | +9.1% |
4 Bedrooms | 19 | 20 | +5.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 78242 housing inventory by bedroom type for March 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 9.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 11 | -26.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 78242 in March 2024, down by 26.7% month-over-month. Of the 11 sold homes, 36% were sold under asking, 45% were sold at asking, and 18% were sold over asking.
Days on Market for 78242, TX
How long does it take to sell a home in 78242, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 71 Days | +50.3% |
Summary: Homes in 78242 had an average of 71 days on market in Mar 2024, up by 50.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 78242; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.