Is 78108, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78108 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 78108 has remained a Seller's Market.

Key Takeaway

78108 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78108, TX

How much do homes in 78108, TX cost?

Median Sold Price

$345,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$19,767(-5.4%)

Key Takeaway

Homes in 78108 have sold for 5.4% less than they did a year ago.

Summary: The median home sold price in 78108 was $345,000 in October 2024, down 5.4% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $240K$222.5K
-7.3%
3 $309.9K$296.5K
-4.3%
4 $376K$365K
-2.9%
5+ $425K$410K
-3.5%

Summary: 78108 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.3%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 3.5%.

Median Sold Price Compared To Nearby Zip Codes

78154
-3.4%
78132
-4.8%
78108
-5.4%
78124
-9.1%

Housing Supply in 78108, TX

How many homes are available in 78108, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
401387-3.5%

Summary: The 78108 real estate market had 387 homes for sale in October 2024, a 3.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 145144
-0.7%
4 200187
-6.5%
5+ 5252
0.0%

Summary: The 78108 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6572+10.8%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78108, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 72 homes were sold or pending in 78108 in October 2024, up by 10.8% month-over-month. Of the 71 sold homes, 56% were sold under asking, 31% were sold at asking, and 13% were sold over asking.

Days on Market for 78108, TX

How long does it take to sell a home in 78108, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
77 Days80 Days+4.3%

Summary: Homes in 78108 had an average of 80 days on market in Oct 2024, up by 4.3% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

28 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78108 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 72 homes were sold in 78108; 24% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 39% 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 78108, TX

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