Is 78226, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78226 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 78226 has remained a Seller's Market.

Key Takeaway

78226 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78226, TX

How much do homes in 78226, TX cost?

Median Sold Price

$175,000

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$17,249(-9.0%)

Key Takeaway

Homes in 78226 have sold for 9% less than they did a year ago.

Summary: The median home sold price in 78226 was $175,000 in November 2024, down 9% from last year, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $85K$150K
+76.5%
3 $192.2K$160K
-16.8%
4 $259K$225.9K
-12.7%
5+ --
N/A

Summary: 78226 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 76.5%, 3 bedroom homes decreased by 16.8%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

78211
+2.4%
78237
-1.2%
78226
-9.0%

Housing Supply in 78226, TX

How many homes are available in 78226, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
770.0%

Summary: The 78226 real estate market had 7 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 55
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 78226 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78226, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 78226 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78226, TX

How long does it take to sell a home in 78226, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days87 Days+102.3%

Summary: Homes in 78226 had an average of 87 days on market in Nov 2024, up by 102.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78226 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 78226; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 22 Days Ago

Newest Listings in 78226, TX

Nearby Markets to 78226, TX