Is 78009, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78009 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78009 was a Neutral Market.

Key Takeaway

78009 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78009, TX

How much do homes in 78009, TX cost?

Median Sold Price

$413,000

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$146,000(-26.1%)

Key Takeaway

Homes in 78009 have sold for 26.1% less than they did a year ago.

Summary: The median home sold price in 78009 was $413,000 in November 2024, down 26.1% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$250K
N/A
2 $257K$202.5K
-21.2%
3 $355K$345K
-2.8%
4 $709.9K$515K
-27.5%
5+ $750K$489.9K
-34.7%

Summary: 78009 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.2%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 27.5%, and 5+ bedroom homes decreased by 34.7%.

Median Sold Price Compared To Nearby Zip Codes

78253
+1.2%
78245
-4.9%
78009
-26.1%

Housing Supply in 78009, TX

How many homes are available in 78009, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
58580.0%

Summary: The 78009 real estate market had 58 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 53
-40.0%
3 1313
0.0%
4 3336
+9.1%
5+ 66
0.0%

Summary: The 78009 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78009, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 78009 in November 2024, down by 62.5% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78009, TX

How long does it take to sell a home in 78009, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
56 Days138 Days+145.1%

Summary: Homes in 78009 had an average of 138 days on market in Nov 2024, up by 145.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78009 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 3 homes were sold in 78009; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 78009, TX

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