Is 78251, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78251 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78251 has remained a Seller's Market.

Key Takeaway

78251 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78251, TX cost?

Median Sold Price

$243,003

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$20,670(+9.3%)

Key Takeaway

Homes in 78251 have sold for 9.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 --
N/A
2 $155.5K$164K
+5.5%
3 $210K$231.7K
+10.3%
4 $250K$279.7K
+11.9%
5+ $276K$315K
+14.1%

Median Sold Price Compared To Nearby Zip Codes

78250
+16.8%
78245
+11.4%
78251
+9.3%
78238
+6.1%

How many homes are available in 78251, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
182164-9.9%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 44
0.0%
3 118104
-11.9%
4 4750
+6.4%
5+ 136
-53.8%

Number of Homes Sold

Sep 2021Oct 2021%
7551-32.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78251, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
32 Days28 Days-12.3%

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78251 are selling fast, if you're buying plan to act quickly.

About 78251, TX

78251, TX has 164 homes on the market. In October 2021 in 78251, TX there were 9.9% less homes for sale than in September 2021. While the average time on the market in October 2021 was 28 days, the median list price was $243,003. This housing market listing prices have changed between September 2021 and October 2021: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 5.5%, the cost of 3 bedrooms properties went up by 10.3%, prices of 4 bedrooms properties increased by 11.9%, prices of 5 bedrooms properties increased by 14.1%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes stayed the same, number of 3 bedrooms homes decreased by 11.9%, 4 bedrooms homes inventory increased by 6.4%, volume of 5 bedrooms homes went down by 53.8%. 78251, TX housing market in October 2021 saw over 27 listings sold above listed price, more than 15 sold at listed price and over 9 sold below.