Is 78612, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78612 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78612 has remained a Seller's Market.

Key Takeaway

78612 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78612, TX cost?

Median Sold Price

$413,750

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$38,750(+10.3%)

Key Takeaway

Homes in 78612 have sold for 10.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 -$267.5K
N/A
2 $351K$283.5K
-19.2%
3 $319K$390K
+22.3%
4 $416K$472.2K
+13.5%
5+ $426.8K$685.2K
+60.5%

Median Sold Price Compared To Nearby Zip Codes

78616
+49.4%
78617
+30.3%
78602
+26.1%
78612
+10.3%

How many homes are available in 78612, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
3931-20.5%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 10
-100.0%
2 32
-33.3%
3 2016
-20.0%
4 1210
-16.7%
5+ 33
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
139-30.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78612, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
73 Days17 Days-76.7%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78612 are selling fast, if you're buying plan to act quickly.

About 78612, TX

78612, TX has 31 homes for sale to choose from. The inventory of homes for sale in 78612, TX between September 2021 and October 2021 decreased by 20.5%. The median list price of listings available in October 2021 was $413,750, while the average time on the real estate market was 17 days. Listing prices have changed in this real estate market between September 2021 and October 2021: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties decreased by 19.2%, 3 bedrooms properties prices increased by 22.3%, the cost of 4 bedrooms properties went up by 13.5%, the cost of 5 bedrooms properties went up by 60.5%. This housing market inventory have changed: volume of 1 bedroom homes went down by 100%, 2 bedrooms homes inventory decreased by 33.3%, number of 3 bedrooms homes decreased by 20%, 4 bedrooms homes inventory decreased by 16.7%, the quantity of 5 bedrooms homes have not changed. While more than 4 listings in 78612, TX in October 2021 were sold above asking price, there were more than 3 listings sold at asking price, and more than 2 were sold below.