Is 78221, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78221 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 78221 has remained a Buyer's Market.

Key Takeaway

78221 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78221, TX

How much do homes in 78221, TX cost?

Median Sold Price

$237,166

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,266(+3.2%)

Key Takeaway

Homes in 78221 have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in 78221 was $237,166 in November 2024, up 3.2% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$70K
N/A
2 $139.5K$113.7K
-18.5%
3 $220K$227.7K
+3.5%
4 $255K$275K
+7.8%
5+ $314.9K$325K
+3.2%

Summary: 78221 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 18.5%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 3.2%.

Median Sold Price Compared To Nearby Zip Codes

78214
+4.1%
78221
+3.2%
78223
+0.6%
78224
-0.4%
78264
-2.4%

Housing Supply in 78221, TX

How many homes are available in 78221, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
141145+2.8%

Summary: The 78221 real estate market had 145 homes for sale in November 2024, a 2.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1216
+33.3%
3 6569
+6.2%
4 5045
-10.0%
5+ 1415
+7.1%

Summary: The 78221 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 33.3%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3015-50.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78221, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 78221 in November 2024, down by 50.0% month-over-month. Of the 15 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.

Days on Market for 78221, TX

How long does it take to sell a home in 78221, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
44 Days61 Days+39.2%

Summary: Homes in 78221 had an average of 61 days on market in Nov 2024, up by 39.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78221 has remained consistent over time.

Summary: During November 2024, 15 homes were sold in 78221; 27% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 27% 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 78221, TX

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