Is 78224, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78224 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78224 was a Seller's Market.

Key Takeaway

78224 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78224, TX

How much do homes in 78224, TX cost?

Median Sold Price

$249,990

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3(0%)

Key Takeaway

The sold price of homes in 78224 has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $165K$199.9K
+21.2%
3 $235K$233.9K
-0.5%
4 $274.9K$284K
+3.3%
5+ $255K$470K
+84.3%

Summary: 78224 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 21.2%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 84.3%.

Median Sold Price Compared To Nearby Zip Codes

78221
+3.2%
78211
+2.5%
78224
0%
78073
-2.2%
78264
-3.3%

Housing Supply in 78224, TX

How many homes are available in 78224, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7279+9.7%

Summary: The 78224 real estate market had 79 homes for sale in October 2024, a 9.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 3841
+7.9%
4 2627
+3.8%
5+ 67
+16.7%

Summary: The 78224 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 100%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78224, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 78224 in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for 78224, TX

How long does it take to sell a home in 78224, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days69 Days+119.4%

Summary: Homes in 78224 had an average of 69 days on market in Oct 2024, up by 119.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78224 has remained consistent over time.

Summary: During October 2024, 7 homes were sold in 78224; 14% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% 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 78224, TX

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