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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78221 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78221 was a Neutral Market.

Key Takeaway

78221 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78221, TX

How much do homes in 78221, TX cost?

Median Sold Price

$237,250

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,252(+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 $237,250 in October 2024, up 3.2% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $82.5K$70K
-15.2%
2 $132.5K$107.5K
-18.9%
3 $224.2K$228K
+1.7%
4 $256.4K$278.4K
+8.6%
5+ $305.5K$320K
+4.7%

Summary: 78221 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.2%, 2 bedroom homes decreased by 18.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 4.7%.

Median Sold Price Compared To Nearby Zip Codes

78214
+9.5%
78221
+3.2%
78224
0%
78223
0.0%
78264
-3.3%

Housing Supply in 78221, TX

How many homes are available in 78221, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
140145+3.6%

Summary: The 78221 real estate market had 145 homes for sale in October 2024, a 3.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 20
-100.0%
2 1313
0.0%
3 7069
-1.4%
4 4349
+14.0%
5+ 1214
+16.7%

Summary: The 78221 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2829+3.6%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

8 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. 65.5% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in 78221 in October 2024, up by 3.6% month-over-month. Of the 29 sold homes, 66% were sold under asking, 28% were sold at asking, and 7% 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

Oct 2023Oct 2024CHANGE
96 Days66 Days-30.8%

Summary: Homes in 78221 had an average of 66 days on market in Oct 2024, down by 30.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

9 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 October 2024, 29 homes were sold in 78221; 31% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 31% 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 20 Days Ago

Newest Listings in 78221, TX

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