Is 78114, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78114 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78114 was a Buyer's Market.

Key Takeaway

78114 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 78114, TX

How much do homes in 78114, TX cost?

Median Sold Price

$335,000

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$80,250(-19.3%)

Key Takeaway

Homes in 78114 have sold for 19.3% less than they did a year ago.

Summary: The median home sold price in 78114 was $335,000 in November 2024, down 19.3% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $196K$144K
-26.5%
2 $183.5K$235K
+28.1%
3 $367.5K$299.9K
-18.4%
4 $469.9K$483.5K
+2.9%
5+ $580K$319.9K
-44.8%

Summary: 78114 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.5%, 2 bedroom homes increased by 28.1%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 44.8%.

Median Sold Price Compared To Nearby Zip Codes

78112
-8.1%
78101
-14.9%
78114
-19.3%

Housing Supply in 78114, TX

How many homes are available in 78114, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
127128+0.8%

Summary: The 78114 real estate market had 128 homes for sale in November 2024, a 0.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1010
0.0%
3 5557
+3.6%
4 5251
-1.9%
5+ 1010
0.0%

Summary: The 78114 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 increased by 3.6%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1319+46.2%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78114, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 78114 in November 2024, up by 46.2% month-over-month. Of the 19 sold homes, 68% were sold under asking, 26% were sold at asking, and 5% were sold over asking.

Days on Market for 78114, TX

How long does it take to sell a home in 78114, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
163 Days91 Days-43.8%

Summary: Homes in 78114 had an average of 91 days on market in Nov 2024, down by 43.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78114 has remained consistent over time.

Summary: During November 2024, 19 homes were sold in 78114; 21% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 37% 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 22 Days Ago

Newest Listings in 78114, TX

Nearby Markets to 78114, TX