Is 78163, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 78163 was a Seller's Market.
Housing Prices in 78163, TX
How much do homes in 78163, TX cost?
Median Sold Price
$433,524
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 78163 was $433,524 in May 2024, down 0.6% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $437.5K | $980K | +124.0% |
3 Bedrooms | $407.5K | $393.4K | -3.4% |
4 Bedrooms | $440K | $448.4K | +1.9% |
5+ Bedrooms | $469.9K | $445K | -5.3% |
Summary: 78163 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 124%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 5.3%.
Housing Supply in 78163, TX
How many homes are available in 78163, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
240 | 252 | +5.0% |
Summary: The 78163 real estate market had 252 homes for sale in May 2024, a 5.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 82 | 85 | +3.7% |
4 Bedrooms | 117 | 121 | +3.4% |
5+ Bedrooms | 39 | 44 | +12.8% |
Summary: The 78163 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 12.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 37 | +8.8% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 78163 in May 2024, up by 8.8% month-over-month. Of the 37 sold homes, 70% were sold under asking, 19% were sold at asking, and 11% were sold over asking.
Days on Market for 78163, TX
How long does it take to sell a home in 78163, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
75 Days | 66 Days | -11.7% |
Summary: Homes in 78163 had an average of 66 days on market in May 2024, down by 11.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 37 homes were sold in 78163; 38% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.