Is 78259, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 78259 has remained a Seller's Market.
Housing Prices in 78259, TX
How much do homes in 78259, TX cost?
Median Sold Price
$400,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 78259 was $400,000 in March 2024, down 4.8% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $475K | $289.9K | -38.9% |
3 Bedrooms | $377K | $369.9K | -1.9% |
4 Bedrooms | $436.5K | $425K | -2.6% |
5+ Bedrooms | $515K | $640K | +24.3% |
Summary: 78259 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38.9%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 24.3%.
Housing Supply in 78259, TX
How many homes are available in 78259, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
98 | 105 | +7.1% |
Summary: The 78259 real estate market had 105 homes for sale in March 2024, a 7.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 47 | 55 | +17.0% |
4 Bedrooms | 42 | 41 | -2.4% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 78259 housing inventory by bedroom type for March 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 17%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 24 | +9.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 78259 in March 2024, up by 9.1% month-over-month. Of the 24 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 78259, TX
How long does it take to sell a home in 78259, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 41 Days | -5.3% |
Summary: Homes in 78259 had an average of 41 days on market in Mar 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in 78259; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.