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 4 Days Ago

Newest Listings in 78154, TX

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