Is 78112, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78112 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78112 was a Buyer's Market.

Key Takeaway

78112 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78112, TX

How much do homes in 78112, TX cost?

Median Sold Price

$234,508

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$20,677(-8.1%)

Key Takeaway

Homes in 78112 have sold for 8.1% less than they did a year ago.

Summary: The median home sold price in 78112 was $234,508 in November 2024, down 8.1% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $405K$230K
-43.2%
3 $249.9K$230.7K
-7.7%
4 $255.9K$290.8K
+13.7%
5+ $325K$279K
-14.2%

Summary: 78112 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 43.2%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 14.2%.

Median Sold Price Compared To Nearby Zip Codes

78221
+3.2%
78223
+0.6%
78264
-2.4%
78112
-8.1%
78114
-19.3%

Housing Supply in 78112, TX

How many homes are available in 78112, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5144-13.7%

Summary: The 78112 real estate market had 44 homes for sale in November 2024, a 13.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 3327
-18.2%
4 1514
-6.7%
5+ 22
0.0%

Summary: The 78112 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 decreased by 18.2%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
98-11.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78112, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in 78112 in November 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 63% were sold at asking, and 0% were sold over asking.

Days on Market for 78112, TX

How long does it take to sell a home in 78112, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
61 Days91 Days+48.8%

Summary: Homes in 78112 had an average of 91 days on market in Nov 2024, up by 48.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78112 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 8 homes were sold in 78112; 13% of homes were sold within 30 days, 38% 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 21 Days Ago

Newest Listings in 78112, TX

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