Is 78222, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 78222 was a Buyer's Market.
Housing Prices in 78222, TX
How much do homes in 78222, TX cost?
Median Sold Price
$250,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 78222 was $250,000 in April 2024, up 2% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $175K | $184.9K | +5.7% |
3 Bedrooms | $237.6K | $235K | -1.1% |
4 Bedrooms | $267.7K | $278.4K | +4.0% |
5+ Bedrooms | $289.9K | $299.9K | +3.5% |
Summary: 78222 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.7%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 3.5%.
Housing Supply in 78222, TX
How many homes are available in 78222, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
157 | 161 | +2.5% |
Summary: The 78222 real estate market had 161 homes for sale in April 2024, a 2.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 93 | 96 | +3.2% |
4 Bedrooms | 51 | 52 | +2.0% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The 78222 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 26 | -18.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 78222 in April 2024, down by 18.8% month-over-month. Of the 26 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% were sold over asking.
Days on Market for 78222, TX
How long does it take to sell a home in 78222, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
69 Days | 84 Days | +21.9% |
Summary: Homes in 78222 had an average of 84 days on market in Apr 2024, up by 21.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in 78222; 23% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.