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 November 2021

At the same time last year, 78612 was a Buyer'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

$507,500

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$87,500(+20.8%)

Key Takeaway

Homes in 78612 have sold for 20.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $267.5K-
N/A
2 $318.2K$343.7K
+8.0%
3 $394.5K$427.5K
+8.4%
4 $472.2K$627.4K
+32.9%
5+ $600.4K$599K
-0.2%

Median Sold Price Compared To Nearby Zip Codes

78602
+21.4%
78612
+20.8%
78617
+16.8%
78616
+5.4%

How many homes are available in 78612, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
5459+9.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 33
0.0%
3 2123
+9.5%
4 2932
+10.3%
5+ 11
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
412+200.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78612, 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%
11 Days42 Days+279.3%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About 78612, TX

78612, TX has 59 homes for sale to choose from. In November 2022 in 78612, TX there were 9.3% more homes for sale than in October 2022. In November 2022 median list price was $507,500 and the average listing age was 42 days. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 8%, 3 bedrooms properties became 8.4% more expensive, the cost of 4 bedrooms properties went up by 32.9%, 5 bedrooms properties became 0.2% more cheaper. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory did not change, 3 bedrooms homes inventory increased by 9.5%, number of 4 bedrooms homes increased by 10.3%, volume of 5 bedrooms homes stayed the same. While more than 1 listings in 78612, TX in November 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 8 were sold below.