Is 78154, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78154 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78154 was a Neutral Market.

Key Takeaway

78154 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78154, TX

How much do homes in 78154, TX cost?

Median Sold Price

$332,232

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$11,620(-3.4%)

Key Takeaway

Homes in 78154 have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in 78154 was $332,232 in October 2024, down 3.4% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $139K$730K
+425.2%
2 $202.5K$215K
+6.2%
3 $307.4K$289.9K
-5.7%
4 $395K$385.4K
-2.4%
5+ $471.4K$508.5K
+7.8%

Summary: 78154 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 425.2%, 2 bedroom homes increased by 6.2%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 7.8%.

Median Sold Price Compared To Nearby Zip Codes

78148
+3.6%
78233
-0.7%
78109
-1.5%
78154
-3.4%
78108
-5.4%

Housing Supply in 78154, TX

How many homes are available in 78154, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
188208+10.6%

Summary: The 78154 real estate market had 208 homes for sale in October 2024, a 10.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 56
+20.0%
3 102106
+3.9%
4 6578
+20.0%
5+ 1517
+13.3%

Summary: The 78154 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 20%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2239+77.3%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78154, you may be able to get a good deal. 64.1% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in 78154 in October 2024, up by 77.3% month-over-month. Of the 39 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.

Days on Market for 78154, TX

How long does it take to sell a home in 78154, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
121 Days78 Days-35.6%

Summary: Homes in 78154 had an average of 78 days on market in Oct 2024, down by 35.6% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78154 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 39 homes were sold in 78154; 28% of homes were sold within 30 days, 33% 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 78154, TX

Nearby Markets to 78154, TX