Is 78247, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78247 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78247 has remained a Seller's Market.

Key Takeaway

78247 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78247, TX cost?

Median Sold Price

$250,000

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$25,000(+11.1%)

Key Takeaway

Homes in 78247 have sold for 11.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $117.7K-
N/A
2 $149.7K$173.2K
+15.7%
3 $217K$239.1K
+10.2%
4 $257K$280K
+8.9%
5+ $322.3K$327.5K
+1.6%

Median Sold Price Compared To Nearby Zip Codes

78259
+19.8%
78233
+13.7%
78232
+13.2%
78247
+11.1%
78217
+6.2%

How many homes are available in 78247, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
2462460.0%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 1918
-5.3%
3 141139
-1.4%
4 7981
+2.5%
5+ 78
+14.3%

Number of Homes Sold

Sep 2021Oct 2021%
8476-9.5%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

39 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78247, you could pay more than the asking price. 51.3% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
35 Days27 Days-21.2%

Breakdown of Home Sale Times

53 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78247 are selling fast, if you're buying plan to act quickly.

About 78247, TX

Number of homes for sale in 78247, TX real estate market have reached 246. In October 2021, listings were on the market for 27 days. During the same period, the median list price in this real estate market was $250,000. This housing market listing prices have changed between September 2021 and October 2021: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 15.7%, the cost of 3 bedrooms properties went up by 10.2%, prices of 4 bedrooms properties went up by 8.9%, prices of 5 bedrooms properties increased by 1.6%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, volume of 2 bedrooms homes went down by 5.3%, the quantity of 3 bedrooms homes went down by 1.4%, 4 bedrooms homes became 2.5% more available, 5 bedrooms homes became 14.3% more available. In October 2021 more than 39 listings in 78247, TX were sold above the asking price. During the same period more than 16 listings were sold at asking price, while more than 21 were sold below.