Is 78602, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
Since last year, 78602 has remained a Seller's Market.
Key Takeaway
78602 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in 78602, TX cost?
Median Sold Price
$420,875
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
+$60,875(+16.9%)
Key Takeaway
Homes in 78602 have sold for 16.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $170K | $289K | +70.0% |
| 2 Bedrooms | $302.5K | $350K | +15.7% |
| 3 Bedrooms | $350.1K | $411.3K | +17.5% |
| 4 Bedrooms | $405K | $449K | +10.9% |
| 5+ Bedrooms | $600K | $607K | +1.2% |
How many homes are available in 78602, TX?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 159 | 156 | -1.9% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 89 | 87 | -2.2% |
| 4 Bedrooms | 59 | 56 | -5.1% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 23 | 31 | +34.8% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 78602, you may be able to get a good deal. 64.5% of homes here sold below asking price last month.
Average Sale Time
| Dec 2021 | Dec 2022 | % |
|---|---|---|
| 26 Days | 57 Days | +117.0% |
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 78602 has remained consistent over time.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS)®. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Disclaimer: Certain information contained herein is derived from information which is the property of, and copyrighted by, Houston Realtors Information Service, Inc. The listing information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Copyright© 2023 Houston Realtors Information Service, Inc. All rights reserved.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2023 San Antonio Board of Realtors®. All Rights Reserved.