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 November 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

$248,999

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$1,001(-0.4%)

Key Takeaway

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

Summary: The median home sold price in 78224 was $248,999 in November 2024, down 0.4% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $187K$199.9K
+6.9%
3 $235K$230.9K
-1.7%
4 $274.9K$283.5K
+3.1%
5+ $270K$384.9K
+42.6%

Summary: 78224 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 6.9%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 42.6%.

Median Sold Price Compared To Nearby Zip Codes

78221
+3.2%
78211
+2.4%
78224
-0.4%
78264
-2.4%
78073
-2.7%

Housing Supply in 78224, TX

How many homes are available in 78224, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7977-2.5%

Summary: The 78224 real estate market had 77 homes for sale in November 2024, a 2.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 4240
-4.8%
4 2826
-7.1%
5+ 56
+20.0%

Summary: The 78224 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 25%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
105-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were 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. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 78224 in November 2024, down by 50.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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

Nov 2023Nov 2024CHANGE
76 Days53 Days-30.6%

Summary: Homes in 78224 had an average of 53 days on market in Nov 2024, down by 30.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78224 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in 78224; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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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