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 2021

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

$285,208

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$41,936(+17.2%)

Key Takeaway

Homes in 78251 have sold for 17.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$255K
N/A
2 $164K$191.5K
+16.8%
3 $231.9K$268.4K
+15.7%
4 $275K$330K
+20.0%
5+ $315K$402.5K
+27.8%

Median Sold Price Compared To Nearby Zip Codes

78250
+19.2%
78238
+17.4%
78251
+17.2%
78245
+16.3%
78227
+14.2%

How many homes are available in 78251, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
182174-4.4%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 43
-25.0%
3 9595
0.0%
4 6764
-4.5%
5+ 1612
-25.0%

Number of Homes Sold

Sep 2022Oct 2022%
4636-21.7%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78251, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
28 Days32 Days+15.6%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78251 has remained consistent over time.

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

About 78251, TX

Number of homes for sale in 78251, TX real estate market have reached 174. The number of listings in 78251, TX decreased by 4.4% between September 2022 and October 2022. In October 2022 median list price was $285,208 and the average listing age was 32 days. This housing market listing prices have changed between September 2022 and October 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 16.8%, the cost of 3 bedrooms properties went up by 15.7%, prices of 4 bedrooms properties went up by 20%, prices of 5 bedrooms properties went up by 27.8%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 25% less available, the quantity of 3 bedrooms homes have not changed, number of 4 bedrooms homes decreased by 4.5%, the quantity of 5 bedrooms homes went down by 25%. While more than 5 listings in 78251, TX in October 2022 were sold above asking price, there were more than 15 listings sold at asking price, and more than 16 were sold below.