Is 78113, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78113 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 78113 was a Buyer's Market.

Key Takeaway

78113 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78113, TX

How much do homes in 78113, TX cost?

Median Sold Price

$159,250

$172/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$165,750(-51.0%)

Key Takeaway

Homes in 78113 have sold for 51% less than they did a month ago.

Summary: The median home sold price in 78113 was $159,250 in October 2024, down 51% from last month, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$159.2K
N/A
3 $325K-
N/A
4 --
N/A
5+ --
N/A

Summary: 78113 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 78113, TX

How many homes are available in 78113, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
990.0%

Summary: The 78113 real estate market had 9 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 22
0.0%
3 54
-20.0%
4 22
0.0%
5+ 00
0.0%

Summary: The 78113 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 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 78113, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 78113 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78113, TX

How long does it take to sell a home in 78113, TX?

Average Sale Time

Sep 2024Oct 2024CHANGE
148 Days44 Days-69.9%

Summary: Homes in 78113 had an average of 44 days on market in Oct 2024, down by 69.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 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 78113 has remained consistent over time.

Summary: During October 2024, 2 homes were sold in 78113; 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 21 Days Ago

Newest Listings in 78113, TX

Nearby Markets to 78113, TX