Is 78232, 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, 78232 was a Seller's Market.
Housing Prices in 78232, TX
How much do homes in 78232, TX cost?
Median Sold Price
$395,200
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 78232 was $395,200 in May 2024, up 3.1% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $155K | -3.1% |
2 Bedrooms | $243K | $257K | +5.8% |
3 Bedrooms | $357K | $380K | +6.4% |
4 Bedrooms | $410K | $435K | +6.1% |
5+ Bedrooms | $534.5K | $637K | +19.2% |
Summary: 78232 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 19.2%.
Housing Supply in 78232, TX
How many homes are available in 78232, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
150 | 177 | +18.0% |
Summary: The 78232 real estate market had 177 homes for sale in May 2024, a 18.0% 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 | 11 | 12 | +9.1% |
3 Bedrooms | 75 | 92 | +22.7% |
4 Bedrooms | 58 | 65 | +12.1% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 78232 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 increased by 9.1%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 78232 in May 2024, down by 3.8% month-over-month. Of the 25 sold homes, 40% were sold under asking, 32% were sold at asking, and 28% were sold over asking.
Days on Market for 78232, TX
How long does it take to sell a home in 78232, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 47 Days | +51.1% |
Summary: Homes in 78232 had an average of 47 days on market in May 2024, up by 51.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in 78232; 40% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.