Is 78222, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78222 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78222 was a Buyer's Market.

Key Takeaway

78222 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 78222, TX

How much do homes in 78222, TX cost?

Median Sold Price

$249,163

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$163(+0.1%)

Key Takeaway

The sold price of homes in 78222 has remained the same since last year.

Summary: The median home sold price in 78222 was $249,163 in November 2024, up 0.1% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $190K$214.2K
+12.8%
3 $232.9K$235K
+0.9%
4 $281.4K$272.4K
-3.2%
5+ $298.4K$328K
+9.9%

Summary: 78222 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 increased by 12.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 9.9%.

Median Sold Price Compared To Nearby Zip Codes

78210
+2.0%
78223
+0.6%
78222
0.1%
78263
-7.8%
78220
-11.2%

Housing Supply in 78222, TX

How many homes are available in 78222, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
188187-0.5%

Summary: The 78222 real estate market had 187 homes for sale in November 2024, a 0.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 97103
+6.2%
4 7866
-15.4%
5+ 1013
+30.0%

Summary: The 78222 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 66.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 30%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3127-12.9%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78222, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 78222 in November 2024, down by 12.9% month-over-month. Of the 27 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.

Days on Market for 78222, TX

How long does it take to sell a home in 78222, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days91 Days+146.7%

Summary: Homes in 78222 had an average of 91 days on market in Nov 2024, up by 146.7% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78222 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 27 homes were sold in 78222; 37% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 30% 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 17 Days Ago

Newest Listings in 78222, TX

Nearby Markets to 78222, TX