Is 78109, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78109 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78109 was a Seller's Market.

Key Takeaway

78109 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78109, TX

How much do homes in 78109, TX cost?

Median Sold Price

$266,788

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3,984(-1.5%)

Key Takeaway

Homes in 78109 have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in 78109 was $266,788 in October 2024, down 1.5% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $188K$199K
+5.9%
3 $257K$249.9K
-2.7%
4 $294.7K$296.9K
+0.7%
5+ $358K$343.9K
-3.9%

Summary: 78109 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 increased by 5.9%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 3.9%.

Median Sold Price Compared To Nearby Zip Codes

78148
+3.6%
78109
-1.5%
78239
-1.7%
78244
-3.3%
78154
-3.4%

Housing Supply in 78109, TX

How many homes are available in 78109, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
359368+2.5%

Summary: The 78109 real estate market had 368 homes for sale in October 2024, a 2.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 196202
+3.1%
4 141138
-2.1%
5+ 1724
+41.2%

Summary: The 78109 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 decreased by 20%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 41.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6852-23.5%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78109, you may be able to get a good deal. 40.4% of homes here sold below asking price last month.

Summary: A total of 52 homes were sold or pending in 78109 in October 2024, down by 23.5% month-over-month. Of the 52 sold homes, 40% were sold under asking, 38% were sold at asking, and 21% were sold over asking.

Days on Market for 78109, TX

How long does it take to sell a home in 78109, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
62 Days84 Days+36.6%

Summary: Homes in 78109 had an average of 84 days on market in Oct 2024, up by 36.6% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78109 has remained consistent over time.

Summary: During October 2024, 52 homes were sold in 78109; 27% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 35% 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 78109, TX

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