Is 78101, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78101 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 78101 was a Seller's Market.

Key Takeaway

78101 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78101, TX

How much do homes in 78101, TX cost?

Median Sold Price

$520,250

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$57,500(-10.0%)

Key Takeaway

Homes in 78101 have sold for 10% less than they did a year ago.

Summary: The median home sold price in 78101 was $520,250 in December 2024, down 10% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $340K-
N/A
2 $345.5K$301.7K
-12.7%
3 $505K$425K
-15.8%
4 $642K$600K
-6.5%
5+ $578K$750K
+29.8%

Summary: 78101 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.7%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 29.8%.

Median Sold Price Compared To Nearby Zip Codes

78152
+7.3%
78121
-0.3%
78263
-3.2%
78101
-10.0%
78114
-21.0%

Housing Supply in 78101, TX

How many homes are available in 78101, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5052+4.0%

Summary: The 78101 real estate market had 52 homes for sale in December 2024, a 4.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 33
0.0%
3 2024
+20.0%
4 2120
-4.8%
5+ 65
-16.7%

Summary: The 78101 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
82-75.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78101, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 78101 in December 2024, down by 75.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78101, TX

How long does it take to sell a home in 78101, TX?

Average Sale Time

Dec 2023Dec 2024CHANGE
61 Days89 Days+46.7%

Summary: Homes in 78101 had an average of 89 days on market in Dec 2024, up by 46.7% compared to last year.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in 78101 has remained consistent over time.

Summary: During December 2024, 2 homes were sold in 78101; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 78101, TX

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