Is 78245, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78245 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 78245 has remained a Seller's Market.

Key Takeaway

78245 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78245, TX cost?

Median Sold Price

$248,531

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$27,627(+12.5%)

Key Takeaway

Homes in 78245 have sold for 12.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 --
N/A
2 $115K$160.7K
+39.8%
3 $202.3K$223.3K
+10.4%
4 $245.3K$275K
+12.1%
5+ $256K$297K
+16.0%

Median Sold Price Compared To Nearby Zip Codes

78253
+19.8%
78252
+13.0%
78245
+12.5%
78227
+9.7%
78251
+9.5%

How many homes are available in 78245, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
431370-14.2%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 1012
+20.0%
3 220183
-16.8%
4 169149
-11.8%
5+ 3226
-18.8%

Number of Homes Sold

Oct 2021Nov 2021%
161100-37.9%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

58 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78245, you could pay more than the asking price. 58% of homes here sold above asking price last month.

Average Sale Time

Nov 2020Nov 2021%
48 Days32 Days-32.9%

Breakdown of Home Sale Times

64 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78245 are selling fast, if you're buying plan to act quickly.

About 78245, TX

There are 370 homes are for sale in 78245, TX real estate market. The number of listings in 78245, TX decreased by 14.2% between October 2021 and November 2021. In November 2021 median list price was $248,531 and the average listing age was 32 days. Between October 2021 and November 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 39.8% more expensive, the cost of 3 bedrooms properties went up by 10.4%, 4 bedrooms properties prices increased by 12.1%, the cost of 5 bedrooms properties went up by 16%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went up by 20%, number of 3 bedrooms homes decreased by 16.8%, 4 bedrooms homes became 11.8% less available, 5 bedrooms homes inventory decreased by 18.8%. In November 2021 more than 58 listings in 78245, TX were sold above the asking price. During the same period more than 17 listings were sold at asking price, while more than 25 were sold below.