Is 78253, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 78253 was a Seller's Market.
Housing Prices in 78253, TX
How much do homes in 78253, TX cost?
Median Sold Price
$340,015
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 78253 was $340,015 in February 2024, down 6.9% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $144K | $315K | +118.8% |
2 Bedrooms | $320K | $335K | +4.7% |
3 Bedrooms | $320.1K | $300K | -6.3% |
4 Bedrooms | $395K | $370K | -6.3% |
5+ Bedrooms | $425K | $409.9K | -3.5% |
Summary: 78253 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 118.8%, 2 bedroom homes increased by 4.7%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 3.5%.
Housing Supply in 78253, TX
How many homes are available in 78253, TX?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
461 | 502 | +8.9% |
Summary: The 78253 real estate market had 502 homes for sale in February 2024, a 8.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 23 | +27.8% |
3 Bedrooms | 170 | 191 | +12.4% |
4 Bedrooms | 210 | 227 | +8.1% |
5+ Bedrooms | 63 | 61 | -3.2% |
Summary: The 78253 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 3.2%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
65 | 71 | +9.2% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in 78253 in February 2024, up by 9.2% month-over-month. Of the 71 sold homes, 56% were sold under asking, 35% were sold at asking, and 8% were sold over asking.
Days on Market for 78253, TX
How long does it take to sell a home in 78253, TX?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
80 Days | 93 Days | +15.4% |
Summary: Homes in 78253 had an average of 93 days on market in Feb 2024, up by 15.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
31 Homes Were Sold
Over 90 Days
Summary: During February 2024, 71 homes were sold in 78253; 23% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.