Is 78211, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78211 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78211 was a Seller's Market.

Key Takeaway

78211 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78211, TX

How much do homes in 78211, TX cost?

Median Sold Price

$195,000

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,750(+2.5%)

Key Takeaway

Homes in 78211 have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in 78211 was $195,000 in October 2024, up 2.5% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $64K$73K
+14.1%
2 $96K$90K
-6.3%
3 $192.7K$194.7K
+1.0%
4 $253.4K$245K
-3.3%
5+ $323.4K$176.2K
-45.5%

Summary: 78211 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.1%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 45.5%.

Median Sold Price Compared To Nearby Zip Codes

78226
+17.4%
78211
+2.5%
78242
+2.3%
78224
0%
78225
-9.1%

Housing Supply in 78211, TX

How many homes are available in 78211, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8489+6.0%

Summary: The 78211 real estate market had 89 homes for sale in October 2024, a 6.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 910
+11.1%
3 4654
+17.4%
4 2320
-13.0%
5+ 54
-20.0%

Summary: The 78211 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 11.1%, 3 bedroom homes increased by 17.4%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78211, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 78211 in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78211, TX

How long does it take to sell a home in 78211, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
86 Days119 Days+37.7%

Summary: Homes in 78211 had an average of 119 days on market in Oct 2024, up by 37.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78211 has remained consistent over time.

Summary: During October 2024, 4 homes were sold in 78211; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% 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 78211, TX

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