Is 78230, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78230 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 78230 has remained a Seller's Market.

Key Takeaway

78230 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78230, TX

How much do homes in 78230, TX cost?

Median Sold Price

$364,000

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$1,000(-0.3%)

Key Takeaway

The sold price of homes in 78230 has remained the same since last year.

Summary: The median home sold price in 78230 was $364,000 in April 2024, down 0.3% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $137K$136.8K
-0.1%
2 $210K$197K
-6.2%
3 $340K$338.9K
-0.3%
4 $417.5K$425K
+1.8%
5+ $535K$545K
+1.9%

Summary: 78230 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 1.9%.

Median Sold Price Compared To Nearby Zip Codes

78213
+4.1%
78229
+2.0%
78240
+1.1%
78230
-0.3%
78231
-10.6%

Housing Supply in 78230, TX

How many homes are available in 78230, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
154174+13.0%

Summary: The 78230 real estate market had 174 homes for sale in April 2024, a 13.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 65
-16.7%
2 1013
+30.0%
3 6267
+8.1%
4 6072
+20.0%
5+ 1617
+6.3%

Summary: The 78230 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 6.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2640+53.8%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78230, you may be able to get a good deal. 77.5% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in 78230 in April 2024, up by 53.8% month-over-month. Of the 40 sold homes, 78% were sold under asking, 5% were sold at asking, and 18% were sold over asking.

Days on Market for 78230, TX

How long does it take to sell a home in 78230, TX?

Average Sale Time

Apr 2023Apr 2024CHANGE
69 Days61 Days-12.3%

Summary: Homes in 78230 had an average of 61 days on market in Apr 2024, down by 12.3% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78230 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 40 homes were sold in 78230; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

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

Report Updated 22 Days Ago

Newest Listings in 78230, TX

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