Is 78616, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78616 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78616 has remained a Seller's Market.

Key Takeaway

78616 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78616, TX cost?

Median Sold Price

$400,000

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$132,250(+49.4%)

Key Takeaway

Homes in 78616 have sold for 49.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 -$215K
N/A
2 $192.5K$255K
+32.5%
3 $276.5K$400K
+44.7%
4 $268K$462.5K
+72.6%
5+ $395K$433K
+9.6%

Median Sold Price Compared To Nearby Zip Codes

78616
+49.4%
78644
+17.4%
78612
+10.3%

How many homes are available in 78616, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
14140.0%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 22
0.0%
2 32
-33.3%
3 67
+16.7%
4 22
0.0%
5+ 11
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
14+300.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78616, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
5 Days30 Days+442.6%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78616 are selling fast, if you're buying plan to act quickly.

About 78616, TX

78616, TX has 14 homes on the market. While the average time on the market in October 2021 was 30 days, the median list price was $400,000. Listing prices have changed in this real estate market between September 2021 and October 2021: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 32.5%, prices of 3 bedrooms properties went up by 44.7%, prices of 4 bedrooms properties increased by 72.6%, 5 bedrooms properties became 9.6% more expensive. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went down by 33.3%, number of 3 bedrooms homes increased by 16.7%, volume of 4 bedrooms homes stayed the same, volume of 5 bedrooms homes stayed the same. In October 2021 more than 3 listings in 78616, TX were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.