Is 78245, 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, 78245 was a Seller's Market.
Housing Prices in 78245, TX
How much do homes in 78245, TX cost?
Median Sold Price
$285,009
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78245 was $285,009 in March 2024, down 1.7% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $171K | $188K | +10.0% |
3 Bedrooms | $265.1K | $258.8K | -2.4% |
4 Bedrooms | $325K | $315K | -3.1% |
5+ Bedrooms | $352.5K | $366.9K | +4.1% |
Summary: 78245 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 10%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 4.1%.
Housing Supply in 78245, TX
How many homes are available in 78245, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
594 | 617 | +3.9% |
Summary: The 78245 real estate market had 617 homes for sale in March 2024, a 3.9% 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 | 9 | 9 | 0.0% |
3 Bedrooms | 298 | 314 | +5.4% |
4 Bedrooms | 238 | 248 | +4.2% |
5+ Bedrooms | 49 | 46 | -6.1% |
Summary: The 78245 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 5.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 6.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
111 | 92 | -17.1% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 92 homes were sold or pending in 78245 in March 2024, down by 17.1% month-over-month. Of the 92 sold homes, 51% were sold under asking, 34% were sold at asking, and 15% were sold over asking.
Days on Market for 78245, TX
How long does it take to sell a home in 78245, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
82 Days | 77 Days | -6.6% |
Summary: Homes in 78245 had an average of 77 days on market in Mar 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
34 Homes Were Sold
Over 90 Days
Summary: During March 2024, 92 homes were sold in 78245; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.