Is 78255, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 78255 has remained a Seller's Market.
Housing Prices in 78255, TX
How much do homes in 78255, TX cost?
Median Sold Price
$590,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 78255 was $590,000 in April 2024, up 3.5% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $129K | - | N/A |
2 Bedrooms | $352.5K | $443.8K | +25.9% |
3 Bedrooms | $435K | $432.4K | -0.6% |
4 Bedrooms | $599.5K | $630K | +5.1% |
5+ Bedrooms | $699.9K | $670.4K | -4.2% |
Summary: 78255 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.9%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 4.2%.
Housing Supply in 78255, TX
How many homes are available in 78255, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 117 | +13.6% |
Summary: The 78255 real estate market had 117 homes for sale in April 2024, a 13.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 65 | 73 | +12.3% |
5+ Bedrooms | 16 | 21 | +31.3% |
Summary: The 78255 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 31.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 23 | +21.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 78255 in April 2024, up by 21.1% month-over-month. Of the 23 sold homes, 83% were sold under asking, 4% were sold at asking, and 13% were sold over asking.
Days on Market for 78255, TX
How long does it take to sell a home in 78255, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 73 Days | +25.8% |
Summary: Homes in 78255 had an average of 73 days on market in Apr 2024, up by 25.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in 78255; 39% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.