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 2020

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

$312,500

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$72,700(+30.3%)

Key Takeaway

Homes in 78617 have sold for 30.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $555K-
N/A
2 $182.5K$276K
+51.2%
3 $225K$305K
+35.6%
4 $250.7K$337K
+34.4%
5+ $329K$540K
+64.1%

Median Sold Price Compared To Nearby Zip Codes

78725
+43.6%
78617
+30.3%
78612
+10.3%

How many homes are available in 78617, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
4845-6.3%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 11
0.0%
2 11
0.0%
3 2323
0.0%
4 2118
-14.3%
5+ 22
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
1217+41.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were 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. 47.1% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
26 Days21 Days-18.7%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78617 are selling fast, if you're buying plan to act quickly.

About 78617, TX

Number of homes for sale in 78617, TX real estate market have reached 45. Between September 2021 and October 2021, 78617, TX real estate market has seen decrease in the number of listings by 6.3%. Listings spent 21 days on the market in October 2021, and had a median list price of $312,500 during the same period. Listing prices have changed in this real estate market between September 2021 and October 2021: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 51.2%, prices of 3 bedrooms properties went up by 35.6%, prices of 4 bedrooms properties increased by 34.4%, prices of 5 bedrooms properties increased by 64.1%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes stayed the same, the quantity of 3 bedrooms homes have not changed, 4 bedrooms homes became 14.3% less available, number of 5 bedrooms homes remained the same. In October 2021 more than 7 listings in 78617, TX were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 8 were sold below.