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 October 2023

At the same time last year, 78063 was a Neutral 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

$407,500

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,500(+1.9%)

Key Takeaway

Homes in 78063 have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in 78063 was $407,500 in October 2024, up 1.9% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $175K$135K
-22.9%
2 $190K$301.5K
+58.7%
3 $425K$407.5K
-4.1%
4 $412.5K$563.5K
+36.6%
5+ $544.9K$720K
+32.1%

Summary: 78063 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.9%, 2 bedroom homes increased by 58.7%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 36.6%, and 5+ bedroom homes increased by 32.1%.

Median Sold Price Compared To Nearby Zip Codes

78003
+5.1%
78023
+3.9%
78063
+1.9%
78006
-8.7%

Housing Supply in 78063, TX

How many homes are available in 78063, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
92104+13.0%

Summary: The 78063 real estate market had 104 homes for sale in October 2024, a 13.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 46
+50.0%
2 1722
+29.4%
3 5254
+3.8%
4 1214
+16.7%
5+ 78
+14.3%

Summary: The 78063 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

4 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 78063, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 78063 in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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

Oct 2023Oct 2024CHANGE
134 Days49 Days-63.3%

Summary: Homes in 78063 had an average of 49 days on market in Oct 2024, down by 63.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78063 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 78063; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 21 Days Ago

Newest Listings in 78063, TX

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