Is 78245, 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, 78245 was a Seller's Market.
Housing Prices in 78245, TX
How much do homes in 78245, TX cost?
Median Sold Price
$285,022
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 78245 was $285,022 in April 2024, down 1.7% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $173K | $182.5K | +5.5% |
3 Bedrooms | $265K | $258.4K | -2.5% |
4 Bedrooms | $328.6K | $315.9K | -3.9% |
5+ Bedrooms | $358K | $365.9K | +2.2% |
Summary: 78245 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 5.5%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in 78245, TX
How many homes are available in 78245, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
620 | 669 | +7.9% |
Summary: The 78245 real estate market had 669 homes for sale in April 2024, a 7.9% 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 | 10 | 9 | -10.0% |
3 Bedrooms | 295 | 320 | +8.5% |
4 Bedrooms | 260 | 289 | +11.2% |
5+ Bedrooms | 55 | 51 | -7.3% |
Summary: The 78245 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 10%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 7.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
107 | 104 | -2.8% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 104 homes were sold or pending in 78245 in April 2024, down by 2.8% month-over-month. Of the 104 sold homes, 54% were sold under asking, 24% were sold at asking, and 22% were sold over asking.
Days on Market for 78245, TX
How long does it take to sell a home in 78245, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
79 Days | 93 Days | +17.3% |
Summary: Homes in 78245 had an average of 93 days on market in Apr 2024, up by 17.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Summary: During April 2024, 104 homes were sold in 78245; 19% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.