Is 78123, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78123 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 78123 has remained a Buyer's Market.

Key Takeaway

78123 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78123, TX

How much do homes in 78123, TX cost?

Median Sold Price

$1,316,900

$430/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$882,000(+202.8%)

Key Takeaway

Homes in 78123 have sold for 202.8% more than they did a month ago.

Summary: The median home sold price in 78123 was $1,316,900 in November 2024, up 202.8% from last month, and the median price per square foot was $430.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $434.9K$1.1M
+171.3%
4 -$1.4M
N/A
5+ --
N/A

Summary: 78123 housing prices by bedroom type for November 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 increased by 171.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 78123, TX

How many homes are available in 78123, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1917-10.5%

Summary: The 78123 real estate market had 17 homes for sale in November 2024, a 10.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 98
-11.1%
4 65
-16.7%
5+ 22
0.0%

Summary: The 78123 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 decreased by 11.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78123, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 78123 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 78123, TX

How long does it take to sell a home in 78123, TX?

Average Sale Time

Oct 2024Nov 2024CHANGE
162 Days81 Days-50.0%

Summary: Homes in 78123 had an average of 81 days on market in Nov 2024, down by 50% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78123 has remained consistent over time.

Summary: During November 2024, 2 homes were sold in 78123; 0% of homes were sold within 30 days, 50% 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 27 Days Ago

Newest Listings in 78123, TX

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