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 November 2023

Since last year, 78101 has remained a Buyer'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

$514,950

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$90,050(-14.9%)

Key Takeaway

Homes in 78101 have sold for 14.9% less than they did a year ago.

Summary: The median home sold price in 78101 was $514,950 in November 2024, down 14.9% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $340K-
N/A
2 $345.5K$301.7K
-12.7%
3 $505K$444K
-12.1%
4 $642K$557K
-13.2%
5+ $626.5K$730K
+16.5%

Summary: 78101 housing prices by bedroom type for November 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 12.1%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes increased by 16.5%.

Median Sold Price Compared To Nearby Zip Codes

78152
+7.1%
78121
-1.0%
78263
-7.8%
78101
-14.9%
78114
-19.3%

Housing Supply in 78101, TX

How many homes are available in 78101, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5557+3.6%

Summary: The 78101 real estate market had 57 homes for sale in November 2024, a 3.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 2123
+9.5%
4 2324
+4.3%
5+ 76
-14.3%

Summary: The 78101 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 remained the same, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

6 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 6 homes were sold or pending in 78101 in November 2024, up by 200.0% month-over-month. Of the 6 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

Nov 2023Nov 2024CHANGE
42 Days148 Days+253.6%

Summary: Homes in 78101 had an average of 148 days on market in Nov 2024, up by 253.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78101 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 6 homes were sold in 78101; 17% of homes were sold within 30 days, 17% 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 2 Days Ago

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