Is 78223, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78223 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78223 was a Seller's Market.

Key Takeaway

78223 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78223, TX

How much do homes in 78223, TX cost?

Median Sold Price

$215,000

$146/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in 78223 has remained the same since last year.

Summary: The median home sold price in 78223 was $215,000 in October 2024, the same as last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $121.9K$91K
-25.4%
2 $130K$130K
0.0%
3 $215K$210K
-2.3%
4 $240K$246.8K
+2.9%
5+ $310.4K$280K
-9.8%

Summary: 78223 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.4%, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 9.8%.

Median Sold Price Compared To Nearby Zip Codes

78221
+3.2%
78223
0.0%
78222
-2.0%
78112
-7.4%

Housing Supply in 78223, TX

How many homes are available in 78223, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
201217+8.0%

Summary: The 78223 real estate market had 217 homes for sale in October 2024, a 8.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2023
+15.0%
3 126133
+5.6%
4 4651
+10.9%
5+ 89
+12.5%

Summary: The 78223 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 increased by 15%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3125-19.4%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78223, expect to pay close to the asking price. 56% of homes here sold near the asking price last month.

Summary: A total of 25 homes were sold or pending in 78223 in October 2024, down by 19.4% month-over-month. Of the 25 sold homes, 40% were sold under asking, 56% were sold at asking, and 4% were sold over asking.

Days on Market for 78223, TX

How long does it take to sell a home in 78223, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
78 Days67 Days-14.6%

Summary: Homes in 78223 had an average of 67 days on market in Oct 2024, down by 14.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78223 has remained consistent over time.

Summary: During October 2024, 25 homes were sold in 78223; 24% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 24% 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 78223, TX

Nearby Markets to 78223, TX