Is 78023, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78023 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78023 was a Seller's Market.

Key Takeaway

78023 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78023, TX

How much do homes in 78023, TX cost?

Median Sold Price

$463,200

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$38,200(+9.0%)

Key Takeaway

Homes in 78023 have sold for 9% more than they did a year ago.

Summary: The median home sold price in 78023 was $463,200 in November 2024, up 9% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $230K$395K
+71.7%
2 $390K-
N/A
3 $375K$363K
-3.2%
4 $460K$487K
+5.9%
5+ $615K$546K
-11.2%

Summary: 78023 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.7%, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 11.2%.

Median Sold Price Compared To Nearby Zip Codes

78023
+9.0%
78249
+2.0%
78255
-2.4%
78256
-3.7%
78254
-3.9%

Housing Supply in 78023, TX

How many homes are available in 78023, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
133129-3.0%

Summary: The 78023 real estate market had 129 homes for sale in November 2024, a 3.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 4140
-2.4%
4 6663
-4.5%
5+ 2524
-4.0%

Summary: The 78023 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3114-54.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78023, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 78023 in November 2024, down by 54.8% month-over-month. Of the 14 sold homes, 79% were sold under asking, 14% were sold at asking, and 7% were sold over asking.

Days on Market for 78023, TX

How long does it take to sell a home in 78023, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
67 Days57 Days-14.0%

Summary: Homes in 78023 had an average of 57 days on market in Nov 2024, down by 14% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

8 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 78023 has remained consistent over time.

Summary: During November 2024, 14 homes were sold in 78023; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% 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 78023, TX

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