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 October 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

$525,000

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$117(0.0%)

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 $525,000 in October 2024, the same as last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $307.5K$570.7K
+85.6%
3 $437.6K$404.5K
-7.6%
4 $549K$555K
+1.1%
5+ $592K$615K
+3.9%

Summary: 78121 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 increased by 85.6%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 3.9%.

Median Sold Price Compared To Nearby Zip Codes

78152
+6.7%
78121
0.0%
78101
-16.7%

Housing Supply in 78121, TX

How many homes are available in 78121, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
99107+8.1%

Summary: The 78121 real estate market had 107 homes for sale in October 2024, a 8.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 12
+100.0%
3 3534
-2.9%
4 5663
+12.5%
5+ 67
+16.7%

Summary: The 78121 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 increased by 100%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13130.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78121, expect to pay close to the asking price. 53.8% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in 78121 in October 2024, the same as the previous month. Of the 13 sold homes, 31% were sold under asking, 54% were sold at asking, and 15% 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

Oct 2023Oct 2024CHANGE
129 Days102 Days-20.8%

Summary: Homes in 78121 had an average of 102 days on market in Oct 2024, down by 20.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

7 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 October 2024, 13 homes were sold in 78121; 31% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 54% 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 78121, TX

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