Is 78219, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78219 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78219 was a Seller's Market.

Key Takeaway

78219 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 78219, TX

How much do homes in 78219, TX cost?

Median Sold Price

$215,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,999(-2.3%)

Key Takeaway

Homes in 78219 have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in 78219 was $215,000 in October 2024, down 2.3% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $155K$186.9K
+20.6%
3 $205K$209.3K
+2.1%
4 $264.9K$289.9K
+9.5%
5+ $217.5K$415.9K
+91.3%

Summary: 78219 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 20.6%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 91.3%.

Median Sold Price Compared To Nearby Zip Codes

78218
+1.5%
78219
-2.3%
78220
-11.5%

Housing Supply in 78219, TX

How many homes are available in 78219, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6770+4.5%

Summary: The 78219 real estate market had 70 homes for sale in October 2024, a 4.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 3946
+17.9%
4 2321
-8.7%
5+ 11
0.0%

Summary: The 78219 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 50%, 3 bedroom homes increased by 17.9%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78219, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 78219 in October 2024, down by 8.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.

Days on Market for 78219, TX

How long does it take to sell a home in 78219, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
56 Days80 Days+42.4%

Summary: Homes in 78219 had an average of 80 days on market in Oct 2024, up by 42.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78219 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 11 homes were sold in 78219; 36% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 55% 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 78219, TX

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