Is 78214, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78214 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 78214 has remained a Buyer's Market.

Key Takeaway

78214 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78214, TX

How much do homes in 78214, TX cost?

Median Sold Price

$177,000

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,000(+4.1%)

Key Takeaway

Homes in 78214 have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in 78214 was $177,000 in November 2024, up 4.1% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $50K-
N/A
2 $141.5K$135K
-4.6%
3 $170K$202K
+18.8%
4 $200K$248.7K
+24.4%
5+ $253K$130K
-48.6%

Summary: 78214 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 24.4%, and 5+ bedroom homes decreased by 48.6%.

Median Sold Price Compared To Nearby Zip Codes

78214
+4.1%
78221
+3.2%
78211
+2.4%
78210
+2.0%

Housing Supply in 78214, TX

How many homes are available in 78214, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
95950.0%

Summary: The 78214 real estate market had 95 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1116
+45.5%
3 6459
-7.8%
4 1314
+7.7%
5+ 76
-14.3%

Summary: The 78214 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 45.5%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
117-36.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78214, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 78214 in November 2024, down by 36.4% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.

Days on Market for 78214, TX

How long does it take to sell a home in 78214, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
49 Days56 Days+13.4%

Summary: Homes in 78214 had an average of 56 days on market in Nov 2024, up by 13.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78214 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 78214; 57% of homes were sold within 30 days, 14% 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 78214, TX

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