Is 78722, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78722 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 78722 has remained a Seller's Market.

Key Takeaway

78722 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 78722, TX cost?

Median Sold Price

$613,750

$456/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$118,750(+24.0%)

Key Takeaway

Homes in 78722 have sold for 24% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $318.4K$365K
+14.6%
2 $449K$515K
+14.7%
3 $580K$756.4K
+30.4%
4 $747.5K$895K
+19.7%
5+ $1.0M$1.0M
-3.7%

Median Sold Price Compared To Nearby Zip Codes

78702
+25.0%
78723
+24.6%
78722
+24.0%
78705
+7.3%

How many homes are available in 78722, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
3235+9.4%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 11
0.0%
2 1817
-5.6%
3 1112
+9.1%
4 25
+150.0%
5+ 00
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
810+25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78722, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
31 Days21 Days-33.4%

Breakdown of Home Sale Times

8 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 78722 are selling fast, if you're buying plan to act quickly.

About 78722, TX

Homes for sale in 78722, TX have reached 35. The number of homes for sale in 78722, TX increased by 9.4% between September 2021 and October 2021. While the average time on the market in October 2021 was 21 days, the median list price was $613,750. Real estate listing prices changed between September 2021 and October 2021: prices of 1 bedroom properties increased by 14.6%, 2 bedrooms properties became 14.7% more expensive, the cost of 3 bedrooms properties went up by 30.4%, the cost of 4 bedrooms properties went up by 19.7%, prices of 5 bedrooms properties went down by 3.7%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, number of 2 bedrooms homes decreased by 5.6%, the quantity of 3 bedrooms homes went up by 9.1%, 4 bedrooms homes became 150% more available, 5 bedrooms homes inventory did not change. 78722, TX housing market in October 2021 saw over 4 listings sold above listed price, more than 2 sold at listed price and over 4 sold below.