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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78112 is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

78112 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78112, TX

How much do homes in 78112, TX cost?

Median Sold Price

$234,999

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$18,776(-7.4%)

Key Takeaway

Homes in 78112 have sold for 7.4% less than they did a year ago.

Summary: The median home sold price in 78112 was $234,999 in October 2024, down 7.4% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $346.5K$230K
-33.6%
3 $244.9K$234.5K
-4.2%
4 $255.6K$265.3K
+3.8%
5+ $325K$279K
-14.2%

Summary: 78112 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 33.6%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 14.2%.

Median Sold Price Compared To Nearby Zip Codes

78221
+3.2%
78223
0.0%
78264
-3.3%
78112
-7.4%
78114
-17.4%

Housing Supply in 78112, TX

How many homes are available in 78112, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5152+2.0%

Summary: The 78112 real estate market had 52 homes for sale in October 2024, a 2.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 3330
-9.1%
4 1419
+35.7%
5+ 22
0.0%

Summary: The 78112 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 50%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 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. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 78112 in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% 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

Oct 2023Oct 2024CHANGE
38 Days50 Days+31.6%

Summary: Homes in 78112 had an average of 50 days on market in Oct 2024, up by 31.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78112 has remained consistent over time.

Summary: During October 2024, 3 homes were sold in 78112; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in 78112, TX

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