Is 78201, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78201 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78201 was a Seller's Market.

Key Takeaway

78201 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78201, TX

How much do homes in 78201, TX cost?

Median Sold Price

$235,000

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,750(+5.3%)

Key Takeaway

Homes in 78201 have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in 78201 was $235,000 in November 2024, up 5.3% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $83K$52K
-37.3%
2 $192.5K$170K
-11.7%
3 $259.5K$235K
-9.4%
4 $295K$300K
+1.7%
5+ $221.9K$307.9K
+38.8%

Summary: 78201 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.3%, 2 bedroom homes decreased by 11.7%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 38.8%.

Median Sold Price Compared To Nearby Zip Codes

78212
+7.1%
78201
+5.3%
78228
-0.6%
78207
-2.8%
78229
-6.3%

Housing Supply in 78201, TX

How many homes are available in 78201, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
178190+6.7%

Summary: The 78201 real estate market had 190 homes for sale in November 2024, a 6.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 109
-10.0%
2 4045
+12.5%
3 8994
+5.6%
4 3133
+6.5%
5+ 89
+12.5%

Summary: The 78201 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2221-4.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78201, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 78201 in November 2024, down by 4.5% month-over-month. Of the 21 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for 78201, TX

How long does it take to sell a home in 78201, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
68 Days71 Days+4.3%

Summary: Homes in 78201 had an average of 71 days on market in Nov 2024, up by 4.3% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78201 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 21 homes were sold in 78201; 48% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 29% 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 78201, TX

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