Is 78121, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78121 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 78121 was a Seller's Market.

Key Takeaway

78121 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78121, TX

How much do homes in 78121, TX cost?

Median Sold Price

$522,500

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$1,764(-0.3%)

Key Takeaway

The sold price of homes in 78121 has remained the same since last year.

Summary: The median home sold price in 78121 was $522,500 in December 2024, down 0.3% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$310K
N/A
2 $567K$335.7K
-40.8%
3 $437.6K$415K
-5.2%
4 $543.9K$566K
+4.1%
5+ $619.5K$611.5K
-1.3%

Summary: 78121 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 40.8%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 1.3%.

Median Sold Price Compared To Nearby Zip Codes

78152
+7.3%
78121
-0.3%
78101
-10.0%

Housing Supply in 78121, TX

How many homes are available in 78121, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
108102-5.6%

Summary: The 78121 real estate market had 102 homes for sale in December 2024, a 5.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 22
0.0%
3 3229
-9.4%
4 6664
-3.0%
5+ 77
0.0%

Summary: The 78121 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
158-46.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78121, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 78121 in December 2024, down by 46.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for 78121, TX

How long does it take to sell a home in 78121, TX?

Average Sale Time

Dec 2023Dec 2024CHANGE
76 Days103 Days+35.4%

Summary: Homes in 78121 had an average of 103 days on market in Dec 2024, up by 35.4% 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 78121 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 8 homes were sold in 78121; 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 2 Days Ago

Newest Listings in 78121, TX

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