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 2020

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

$574,960

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$156,543(+37.4%)

Key Takeaway

Homes in 78717 have sold for 37.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 -$265K
N/A
2 $297.5K$400K
+34.5%
3 $369K$515K
+39.6%
4 $436.9K$650K
+48.8%
5+ $540K$775K
+43.5%

Median Sold Price Compared To Nearby Zip Codes

78681
+43.2%
78613
+40.7%
78717
+37.4%
78729
+31.9%
78750
+30.4%

How many homes are available in 78717, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
11198-11.7%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 76
-14.3%
3 4239
-7.1%
4 4635
-23.9%
5+ 1618
+12.5%

Number of Homes Sold

Sep 2021Oct 2021%
4329-32.6%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78717, you could pay more than the asking price. 37.9% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
17 Days20 Days+18.0%

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78717 are selling fast, if you're buying plan to act quickly.

About 78717, TX

Number of homes for sale in 78717, TX real estate market have reached 98. The inventory of homes for sale in 78717, TX between September 2021 and October 2021 decreased by 11.7%. Listings spent 20 days on the market in October 2021, and had a median list price of $574,960 during the same period. This housing market listing prices have changed between September 2021 and October 2021: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 34.5%, prices of 3 bedrooms properties increased by 39.6%, the cost of 4 bedrooms properties went up by 48.8%, the cost of 5 bedrooms properties went up by 43.5%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 14.3%, 3 bedrooms homes became 7.1% less available, number of 4 bedrooms homes decreased by 23.9%, number of 5 bedrooms homes increased by 12.5%. While more than 11 listings in 78717, TX in October 2021 were sold above asking price, there were more than 8 listings sold at asking price, and more than 10 were sold below.