Is 78063, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78063 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 78063 has remained a Buyer's Market.

Key Takeaway

78063 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78063, TX

How much do homes in 78063, TX cost?

Median Sold Price

$402,000

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$500(-0.1%)

Key Takeaway

The sold price of homes in 78063 has remained the same since last year.

Summary: The median home sold price in 78063 was $402,000 in November 2024, down 0.1% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $175K$145K
-17.1%
2 $190K$295K
+55.3%
3 $445K$410K
-7.9%
4 $502.5K$563.5K
+12.1%
5+ $479.9K$720K
+50.0%

Summary: 78063 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.1%, 2 bedroom homes increased by 55.3%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 50%.

Median Sold Price Compared To Nearby Zip Codes

78023
+9.0%
78063
-0.1%
78003
-0.5%
78006
-5.9%

Housing Supply in 78063, TX

How many homes are available in 78063, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
99103+4.0%

Summary: The 78063 real estate market had 103 homes for sale in November 2024, a 4.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 77
0.0%
2 2024
+20.0%
3 5253
+1.9%
4 1111
0.0%
5+ 98
-11.1%

Summary: The 78063 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 20%, 3 bedroom homes increased by 1.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

1 Home Was 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 78063, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 78063 in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 78063, TX

How long does it take to sell a home in 78063, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days226 Days+907.4%

Summary: Homes in 78063 had an average of 226 days on market in Nov 2024, up by 907.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78063 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 78063; 0% of homes were sold within 30 days, 33% 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 78063, TX

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