Is 78130, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78130 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78130 was a Neutral Market.

Key Takeaway

78130 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78130, TX

How much do homes in 78130, TX cost?

Median Sold Price

$329,368

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$14,901(-4.3%)

Key Takeaway

Homes in 78130 have sold for 4.3% less than they did a year ago.

Summary: The median home sold price in 78130 was $329,368 in November 2024, down 4.3% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $271.5K$365K
+34.4%
2 $374K$295K
-21.1%
3 $317K$304.3K
-4.0%
4 $364.7K$347.6K
-4.7%
5+ $411.4K$400K
-2.8%

Summary: 78130 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.4%, 2 bedroom homes decreased by 21.1%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 2.8%.

Median Sold Price Compared To Nearby Zip Codes

78155
-3.3%
78130
-4.3%
78132
-5.8%
78124
-13.0%

Housing Supply in 78130, TX

How many homes are available in 78130, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
900921+2.3%

Summary: The 78130 real estate market had 921 homes for sale in November 2024, a 2.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 77
0.0%
2 5763
+10.5%
3 450452
0.4%
4 345353
+2.3%
5+ 4146
+12.2%

Summary: The 78130 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 increased by 10.5%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 12.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
11593-19.1%

Asking Price vs. Sold Price

57 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78130, you may be able to get a good deal. 61.3% of homes here sold below asking price last month.

Summary: A total of 93 homes were sold or pending in 78130 in November 2024, down by 19.1% month-over-month. Of the 93 sold homes, 61% were sold under asking, 26% were sold at asking, and 13% were sold over asking.

Days on Market for 78130, TX

How long does it take to sell a home in 78130, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
67 Days87 Days+29.0%

Summary: Homes in 78130 had an average of 87 days on market in Nov 2024, up by 29% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

38 Homes Were Sold
In 30 - 90 Days

35 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78130 has remained consistent over time.

Summary: During November 2024, 93 homes were sold in 78130; 22% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 38% 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 78130, TX

Nearby Markets to 78130, TX