Is 78212, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78212 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78212 was a Seller's Market.

Key Takeaway

78212 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 78212, TX

How much do homes in 78212, TX cost?

Median Sold Price

$405,000

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,500(+7.9%)

Key Takeaway

Homes in 78212 have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in 78212 was $405,000 in October 2024, up 7.9% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $194K$168K
-13.4%
2 $277.5K$315K
+13.5%
3 $364.7K$400K
+9.7%
4 $648.4K$646.2K
-0.3%
5+ $760K$770K
+1.3%

Summary: 78212 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.4%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 1.3%.

Median Sold Price Compared To Nearby Zip Codes

78212
+7.9%
78201
+5.9%
78207
+1.3%

Housing Supply in 78212, TX

How many homes are available in 78212, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
169174+3.0%

Summary: The 78212 real estate market had 174 homes for sale in October 2024, a 3.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 4342
-2.3%
3 9096
+6.7%
4 2525
0.0%
5+ 1111
0.0%

Summary: The 78212 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 decreased by 2.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2725-7.4%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78212, you may be able to get a good deal. 84% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 78212 in October 2024, down by 7.4% month-over-month. Of the 25 sold homes, 84% were sold under asking, 8% were sold at asking, and 8% were sold over asking.

Days on Market for 78212, TX

How long does it take to sell a home in 78212, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
87 Days64 Days-25.4%

Summary: Homes in 78212 had an average of 64 days on market in Oct 2024, down by 25.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

10 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 78212 has remained consistent over time.

Summary: During October 2024, 25 homes were sold in 78212; 36% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 24% 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 78212, TX

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