Is 78124, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78124 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78124 was a Buyer's Market.

Key Takeaway

78124 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 78124, TX

How much do homes in 78124, TX cost?

Median Sold Price

$379,495

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$56,505(-13.0%)

Key Takeaway

Homes in 78124 have sold for 13% less than they did a year ago.

Summary: The median home sold price in 78124 was $379,495 in November 2024, down 13% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $300K$72K
-76.0%
2 $225K$188.7K
-16.1%
3 $395K$327.4K
-17.1%
4 $436K$423.7K
-2.8%
5+ $458.1K$474.9K
+3.7%

Summary: 78124 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 76%, 2 bedroom homes decreased by 16.1%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Zip Codes

78152
+7.1%
78154
-3.8%
78108
-4.2%
78130
-4.3%
78124
-13.0%

Housing Supply in 78124, TX

How many homes are available in 78124, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7268-5.6%

Summary: The 78124 real estate market had 68 homes for sale in November 2024, a 5.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 33
0.0%
3 3228
-12.5%
4 3131
0.0%
5+ 44
0.0%

Summary: The 78124 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 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
510+100.0%

Asking Price vs. Sold Price

4 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 78124, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in 78124 in November 2024, up by 100.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 50% were sold at asking, and 10% were sold over asking.

Days on Market for 78124, TX

How long does it take to sell a home in 78124, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
113 Days167 Days+48.0%

Summary: Homes in 78124 had an average of 167 days on market in Nov 2024, up by 48% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78124 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 10 homes were sold in 78124; 10% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 60% 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 78124, TX

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