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 Last Month

Since last month, 78009 has remained a Buyer's 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

$343,133

$182/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$136,867(-28.5%)

Key Takeaway

Homes in 78009 have sold for 28.5% less than they did a month ago.

Summary: The median home sold price in 78009 was $343,133 in October 2024, down 28.5% from last month, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$325K
N/A
2 -$176K
N/A
3 $429.4K$345K
-19.7%
4 $564.5K$396.1K
-29.8%
5+ --
N/A

Summary: 78009 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 19.7%, 4 bedroom homes decreased by 29.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

78066
+9.5%
78009
-28.5%

Housing Supply in 78009, TX

How many homes are available in 78009, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5161+19.6%

Summary: The 78009 real estate market had 61 homes for sale in October 2024, a 19.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 56
+20.0%
3 1211
-8.3%
4 2737
+37.0%
5+ 66
0.0%

Summary: The 78009 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 37%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 78009 in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% 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

Sep 2024Oct 2024CHANGE
92 Days89 Days-4.0%

Summary: Homes in 78009 had an average of 89 days on market in Oct 2024, down by 4% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78009 has remained consistent over time.

Summary: During October 2024, 7 homes were sold in 78009; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% 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 4 Days Ago

Newest Listings in 78009, TX

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