Is 78254, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 78254 has remained a Neutral Market.
Housing Prices in 78254, TX
How much do homes in 78254, TX cost?
Median Sold Price
$331,087
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 78254 was $331,087 in February 2024, down 3.4% 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 | - | - | N/A |
2 Bedrooms | $325K | $315K | -3.1% |
3 Bedrooms | $305K | $289K | -5.2% |
4 Bedrooms | $375.9K | $370K | -1.6% |
5+ Bedrooms | $420K | $415K | -1.2% |
Summary: 78254 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 1.2%.
Housing Supply in 78254, TX
How many homes are available in 78254, TX?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
441 | 504 | +14.3% |
Summary: The 78254 real estate market had 504 homes for sale in February 2024, a 14.3% 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 | 5 | 5 | 0.0% |
3 Bedrooms | 198 | 223 | +12.6% |
4 Bedrooms | 209 | 232 | +11.0% |
5+ Bedrooms | 29 | 44 | +51.7% |
Summary: The 78254 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 remained the same, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 51.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
59 | 76 | +28.8% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 76 homes were sold or pending in 78254 in February 2024, up by 28.8% month-over-month. Of the 76 sold homes, 59% were sold under asking, 24% were sold at asking, and 17% were sold over asking.
Days on Market for 78254, TX
How long does it take to sell a home in 78254, TX?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
69 Days | 92 Days | +31.8% |
Summary: Homes in 78254 had an average of 92 days on market in Feb 2024, up by 31.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Summary: During February 2024, 76 homes were sold in 78254; 29% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.