Is 78256, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78256 is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 78256 was a Seller's Market.

Key Takeaway

78256 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 78256, TX cost?

Median Sold Price

$549,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$64,500(+13.3%)

Key Takeaway

Homes in 78256 have sold for 13.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $1.1M-
N/A
3 $432.5K$460K
+6.4%
4 $475K$560K
+17.9%
5+ $640K$747.5K
+16.8%

Median Sold Price Compared To Nearby Zip Codes

78255
+21.8%
78257
+16.8%
78249
+14.8%
78256
+13.3%

How many homes are available in 78256, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
4843-10.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 11
0.0%
3 109
-10.0%
4 3226
-18.8%
5+ 57
+40.0%

Number of Homes Sold

Oct 2022Nov 2022%
136-53.8%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78256, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
56 Days48 Days-13.4%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 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 78256 has remained consistent over time.

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

About 78256, TX

Homes for sale in 78256, TX have reached 43. Between October 2022 and November 2022, 78256, TX real estate market has seen decrease in the number of listings by 10.4%. Listings spent 48 days on the market in November 2022, and had a median list price of $549,000 during the same period. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 0%, prices of 3 bedrooms properties increased by 6.4%, 4 bedrooms properties prices increased by 17.9%, prices of 5 bedrooms properties went up by 16.8%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes stayed the same, number of 3 bedrooms homes decreased by 10%, number of 4 bedrooms homes decreased by 18.8%, number of 5 bedrooms homes increased by 40%. In November 2022, from all listings sold in 78256, TX there were more than 1 sold above asking price, over 4 sold below and more than 1 were sold right at the asked price.