Is 78254, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78254 is a neutral's market

Buyer's
Market

Difference Since February 2023

Since last year, 78254 has remained a Neutral Market.

Key Takeaway

78254 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

-$11,537(-3.4%)

Key Takeaway

Homes in 78254 have sold for 3.4% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $325K$315K
-3.1%
3 $305K$289K
-5.2%
4 $375.9K$370K
-1.6%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

78240
-0.4%
78250
-2.1%
78254
-3.4%
78023
-5.9%
78253
-6.9%

Housing Supply in 78254, TX

How many homes are available in 78254, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
441504+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 55
0.0%
3 198223
+12.6%
4 209232
+11.0%
5+ 2944
+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 2024Feb 2024CHANGE
5976+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78254, you may be able to get a good deal. 59.2% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
69 Days92 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78254 are taking a long time to sell, it's a good idea to negotiate on homes here.

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.

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

Report Updated 28 Days Ago

Newest Listings in 78254, TX

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