Is 78028, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78028 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 78028 has remained a Buyer's Market.

Key Takeaway

78028 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78028, TX

How much do homes in 78028, TX cost?

Median Sold Price

$370,000

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$29,900(-7.5%)

Key Takeaway

Homes in 78028 have sold for 7.5% less than they did a year ago.

Summary: The median home sold price in 78028 was $370,000 in November 2024, down 7.5% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $190K$217.5K
+14.5%
2 $275K$295K
+7.3%
3 $399.9K$370K
-7.5%
4 $665K$569.9K
-14.3%
5+ $1.2M$660K
-47.0%

Summary: 78028 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.5%, 2 bedroom homes increased by 7.3%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 47%.

Housing Supply in 78028, TX

How many homes are available in 78028, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
115125+8.7%

Summary: The 78028 real estate market had 125 homes for sale in November 2024, a 8.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 2022
+10.0%
3 5662
+10.7%
4 2731
+14.8%
5+ 97
-22.2%

Summary: The 78028 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 10%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
157-53.3%

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 78028, 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 78028 in November 2024, down by 53.3% 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 78028, TX

How long does it take to sell a home in 78028, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
77 Days45 Days-40.6%

Summary: Homes in 78028 had an average of 45 days on market in Nov 2024, down by 40.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78028 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 78028; 43% of homes were sold within 30 days, 43% 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 78028, TX

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