Is 78717, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78717 is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, 78717 has remained a Seller's Market.

Key Takeaway

78717 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78717, TX cost?

Median Sold Price

$685,000

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$110,006(+19.1%)

Key Takeaway

Homes in 78717 have sold for 19.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $265K$374K
+41.1%
2 $400K$455.7K
+13.9%
3 $517.5K$575K
+11.1%
4 $650K$716K
+10.2%
5+ $767.5K$940.2K
+22.5%

Median Sold Price Compared To Nearby Zip Codes

78717
+19.1%
78613
+16.4%
78729
+15.7%
78750
+12.7%
78681
+12.6%

How many homes are available in 78717, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
10499-4.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 32
-33.3%
3 4438
-13.6%
4 3740
+8.1%
5+ 2019
-5.0%

Number of Homes Sold

Sep 2022Oct 2022%
3220-37.5%

Asking Price vs. Sold Price

18 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 78717, you may be able to get a good deal. 90% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
19 Days47 Days+146.4%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

11 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 78717 has remained consistent over time.

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

About 78717, TX

Homes for sale in 78717, TX have reached 99. In October 2022 in 78717, TX there were 4.8% less homes for sale than in September 2022. The median list price of listings available in October 2022 was $685,000, while the average time on the real estate market was 47 days. Listing prices have changed in this real estate market between September 2022 and October 2022: prices of 1 bedroom properties increased by 41.1%, the cost of 2 bedrooms properties went up by 13.9%, prices of 3 bedrooms properties increased by 11.1%, prices of 4 bedrooms properties went up by 10.2%, prices of 5 bedrooms properties went up by 22.5%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, 2 bedrooms homes became 33.3% less available, the quantity of 3 bedrooms homes went down by 13.6%, 4 bedrooms homes inventory increased by 8.1%, 5 bedrooms homes inventory decreased by 5%. 78717, TX housing market in October 2022 saw over 1 listings sold above listed price, more than 1 sold at listed price and over 18 sold below.