Is 78218, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78218 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 78218 has remained a Buyer's Market.

Key Takeaway

78218 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78218, TX

How much do homes in 78218, TX cost?

Median Sold Price

$228,950

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,283(+1.5%)

Key Takeaway

Homes in 78218 have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in 78218 was $228,950 in October 2024, up 1.5% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $190.4K$305K
+60.1%
3 $218K$215K
-1.4%
4 $241.2K$255K
+5.7%
5+ $310K$249.9K
-19.4%

Summary: 78218 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60.1%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 19.4%.

Median Sold Price Compared To Nearby Zip Codes

78209
+5.2%
78218
+1.5%
78239
-1.7%
78219
-2.3%
78217
-5.9%

Housing Supply in 78218, TX

How many homes are available in 78218, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
118131+11.0%

Summary: The 78218 real estate market had 131 homes for sale in October 2024, a 11.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 98
-11.1%
3 6777
+14.9%
4 3841
+7.9%
5+ 45
+25.0%

Summary: The 78218 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 11.1%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1917-10.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78218, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 78218 in October 2024, down by 10.5% month-over-month. Of the 17 sold homes, 71% were sold under asking, 24% were sold at asking, and 6% were sold over asking.

Days on Market for 78218, TX

How long does it take to sell a home in 78218, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days41 Days+17.7%

Summary: Homes in 78218 had an average of 41 days on market in Oct 2024, up by 17.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78218 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in 78218; 47% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 12% 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 78218, TX

Nearby Markets to 78218, TX