Is 78248, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78248 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78248 has remained a Seller's Market.

Key Takeaway

78248 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78248, TX cost?

Median Sold Price

$410,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$60,000(+17.1%)

Key Takeaway

Homes in 78248 have sold for 17.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $127.5K$123K
-3.5%
2 $213.5K$240K
+12.4%
3 $329K$360.9K
+9.7%
4 $373K$465K
+24.7%
5+ $453.9K$606K
+33.5%

Median Sold Price Compared To Nearby Zip Codes

78258
+20.9%
78248
+17.1%
78232
+13.2%
78216
+5.1%

How many homes are available in 78248, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
7459-20.3%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 11
0.0%
2 35
+66.7%
3 2322
-4.3%
4 4125
-39.0%
5+ 66
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
3417-50.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78248, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
48 Days24 Days-48.3%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78248 are selling fast, if you're buying plan to act quickly.

About 78248, TX

Homes for sale in 78248, TX have reached 59. The number of homes for sale in 78248, TX decreased by 20.3% between September 2021 and October 2021. In October 2021 median list price was $410,000 and the average listing age was 24 days. Real estate listing prices changed between September 2021 and October 2021: prices of 1 bedroom properties went down by 3.5%, prices of 2 bedrooms properties increased by 12.4%, prices of 3 bedrooms properties went up by 9.7%, prices of 4 bedrooms properties went up by 24.7%, the cost of 5 bedrooms properties went up by 33.5%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went up by 66.7%, the quantity of 3 bedrooms homes went down by 4.3%, volume of 4 bedrooms homes went down by 39%, 5 bedrooms homes inventory did not change. Over 8 listings were sold over their listed price in October 2021 in 78248, TX. In the same period over 8 listings were sold below the listed price and 1 listings were sold for the listed price.