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 2021

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

$719,500

$501/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$99,500(+16.0%)

Key Takeaway

Homes in 78722 have sold for 16% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $327K$445K
+36.1%
2 $522.2K$604K
+15.7%
3 $756.4K$835K
+10.4%
4 $895K$965.5K
+7.9%
5+ $715K$1.0M
+47.0%

Median Sold Price Compared To Nearby Zip Codes

78702
+17.9%
78722
+16.0%
78723
+9.6%
78705
+6.7%

How many homes are available in 78722, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
2933+13.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 54
-20.0%
2 88
0.0%
3 913
+44.4%
4 45
+25.0%
5+ 33
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
510+100.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 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. 70% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
21 Days25 Days+22.7%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 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.

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

About 78722, TX

Homes for sale in 78722, TX have reached 33. In October 2022 in 78722, TX there were 13.8% more homes for sale than in September 2022. The median list price of listings available in October 2022 was $719,500, while the average time on the real estate market was 25 days. Listing prices have changed in this real estate market between September 2022 and October 2022: prices of 1 bedroom properties went up by 36.1%, prices of 2 bedrooms properties went up by 15.7%, prices of 3 bedrooms properties went up by 10.4%, 4 bedrooms properties prices increased by 7.9%, 5 bedrooms properties became 47% more expensive. Volume of homes for sale changed: number of 1 bedroom homes decreased by 20%, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes became 44.4% more available, 4 bedrooms homes inventory increased by 25%, volume of 5 bedrooms homes stayed the same. In October 2022, from all listings sold in 78722, TX there were more than 3 sold above asking price, over 7 sold below and more than 0 were sold right at the asked price.