Is 78617, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78617 is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, 78617 has remained a Seller's Market.

Key Takeaway

78617 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78617, TX cost?

Median Sold Price

$370,000

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$57,250(+18.3%)

Key Takeaway

Homes in 78617 have sold for 18.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$440K
N/A
2 $276K$143.5K
-48.0%
3 $305K$359.9K
+18.0%
4 $338.5K$400K
+18.2%
5+ $540K$430K
-20.4%

Median Sold Price Compared To Nearby Zip Codes

78612
+19.9%
78725
+18.9%
78617
+18.3%

How many homes are available in 78617, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
5460+11.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 01
+100.0%
3 3134
+9.7%
4 2224
+9.1%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
614+133.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78617, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
20 Days49 Days+139.2%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78617 has remained consistent over time.

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

About 78617, TX

Number of homes for sale in 78617, TX real estate market have reached 60. The number of listings in 78617, TX increased by 11.1% between September 2022 and October 2022. In October 2022, listings were on the market for 49 days. During the same period, the median list price in this real estate market was $370,000. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices decreased by 48%, prices of 3 bedrooms properties increased by 18%, prices of 4 bedrooms properties increased by 18.2%, prices of 5 bedrooms properties went down by 20.4%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory increased by 100%, 3 bedrooms homes became 9.7% more available, the quantity of 4 bedrooms homes went up by 9.1%, 5 bedrooms homes did not move. 78617, TX housing market in October 2022 saw over 1 listings sold above listed price, more than 1 sold at listed price and over 12 sold below.