Is 78259, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78259 is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, 78259 has remained a Seller's Market.

Key Takeaway

78259 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78259, TX cost?

Median Sold Price

$420,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$60,841(+16.9%)

Key Takeaway

Homes in 78259 have sold for 16.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $215K$475K
+120.9%
3 $316.2K$384K
+21.4%
4 $380.1K$432.5K
+13.8%
5+ $419.5K$530K
+26.3%

Median Sold Price Compared To Nearby Zip Codes

78247
+18.9%
78232
+17.6%
78259
+16.9%
78261
+16.4%
78258
+12.8%

How many homes are available in 78259, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
111107-3.6%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 00
0.0%
3 3540
+14.3%
4 5955
-6.8%
5+ 1712
-29.4%

Number of Homes Sold

Sep 2022Oct 2022%
3623-36.1%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78259, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
33 Days33 Days-0.6%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78259 are selling fast, if you're buying plan to act quickly.

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

About 78259, TX

78259, TX has 107 homes for sale to choose from. The number of homes for sale in 78259, TX decreased by 3.6% between September 2022 and October 2022. In October 2022 median list price was $420,000 and the average listing age was 33 days. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 120.9%, prices of 3 bedrooms properties went up by 21.4%, prices of 4 bedrooms properties went up by 13.8%, the cost of 5 bedrooms properties went up by 26.3%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, 2 bedrooms homes did not move, volume of 3 bedrooms homes went up by 14.3%, number of 4 bedrooms homes decreased by 6.8%, volume of 5 bedrooms homes went down by 29.4%. Over 10 listings were sold over their listed price in October 2022 in 78259, TX. In the same period over 11 listings were sold below the listed price and 2 listings were sold for the listed price.