Is 78251, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 78251 was a Seller's Market.
Housing Prices in 78251, TX
How much do homes in 78251, TX cost?
Median Sold Price
$285,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 78251 was $285,000 in April 2024, down 2.7% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | - | N/A |
2 Bedrooms | $195K | $209K | +7.2% |
3 Bedrooms | $270K | $271K | 0.4% |
4 Bedrooms | $340K | $311K | -8.5% |
5+ Bedrooms | $408.5K | $363.5K | -11.0% |
Summary: 78251 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 11%.
Housing Supply in 78251, TX
How many homes are available in 78251, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
143 | 146 | +2.1% |
Summary: The 78251 real estate market had 146 homes for sale in April 2024, a 2.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 74 | 73 | -1.4% |
4 Bedrooms | 52 | 53 | +1.9% |
5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The 78251 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 24 | -25.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 78251 in April 2024, down by 25.0% month-over-month. Of the 24 sold homes, 54% were sold under asking, 29% were sold at asking, and 17% were sold over asking.
Days on Market for 78251, TX
How long does it take to sell a home in 78251, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 56 Days | +22.8% |
Summary: Homes in 78251 had an average of 56 days on market in Apr 2024, up by 22.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in 78251; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.