Is 78202, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78202 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78202 was a Seller's Market.

Key Takeaway

78202 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78202, TX

How much do homes in 78202, TX cost?

Median Sold Price

$225,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$43,035(-16.1%)

Key Takeaway

Homes in 78202 have sold for 16.1% less than they did a year ago.

Summary: The median home sold price in 78202 was $225,000 in November 2024, down 16.1% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $325K$241K
-25.8%
2 $165K$148.5K
-10.0%
3 $272.8K$229.5K
-15.9%
4 $389.2K$342.9K
-11.9%
5+ -$380K
N/A

Summary: 78202 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.8%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 15.9%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

78202
-16.1%
78203
-25.3%

Housing Supply in 78202, TX

How many homes are available in 78202, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
162184+13.6%

Summary: The 78202 real estate market had 184 homes for sale in November 2024, a 13.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 4753
+12.8%
3 94105
+11.7%
4 1722
+29.4%
5+ 11
0.0%

Summary: The 78202 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 12.8%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1214+16.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78202, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 78202 in November 2024, up by 16.7% month-over-month. Of the 14 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.

Days on Market for 78202, TX

How long does it take to sell a home in 78202, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
71 Days88 Days+24.4%

Summary: Homes in 78202 had an average of 88 days on market in Nov 2024, up by 24.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78202 has remained consistent over time.

Summary: During November 2024, 14 homes were sold in 78202; 7% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 43% 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 78202, TX

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