Is 78250, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78250 is a seller's market

Buyer's
Market

Difference Since December 2021

Since last year, 78250 has remained a Seller's Market.

Key Takeaway

78250 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78250, TX cost?

Median Sold Price

$266,550

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$36,550(+15.9%)

Key Takeaway

Homes in 78250 have sold for 15.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $88.4K$101.7K
+15.0%
2 $155K$190K
+22.6%
3 $220K$258.5K
+17.5%
4 $269.7K$314.5K
+16.6%
5+ $300K$357.4K
+19.1%

Median Sold Price Compared To Nearby Zip Codes

78251
+18.0%
78254
+17.4%
78240
+16.3%
78250
+15.9%
78238
+13.7%

How many homes are available in 78250, TX?

Number of Homes For Sale

Nov 2022Dec 2022%
217205-5.5%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 1513
-13.3%
3 132126
-4.5%
4 6461
-4.7%
5+ 65
-16.7%

Number of Homes Sold

Nov 2022Dec 2022%
4138-7.3%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78250, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
29 Days46 Days+53.8%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78250 has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 78250, TX

78250, TX has 205 homes on the market. The number of listings in 78250, TX decreased by 5.5% between November 2022 and December 2022. Listings spent 46 days on the market in December 2022, and had a median list price of $266,550 during the same period. Between November 2022 and December 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 15%, 2 bedrooms properties became 22.6% more expensive, the cost of 3 bedrooms properties went up by 17.5%, the cost of 4 bedrooms properties went up by 16.6%, prices of 5 bedrooms properties increased by 19.1%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 13.3% less available, number of 3 bedrooms homes decreased by 4.5%, number of 4 bedrooms homes decreased by 4.7%, volume of 5 bedrooms homes went down by 16.7%. In December 2022 more than 6 listings in 78250, TX were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 24 were sold below.