Is 78237, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78237 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78237 was a Seller's Market.

Key Takeaway

78237 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78237, TX

How much do homes in 78237, TX cost?

Median Sold Price

$169,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$6,000(-3.4%)

Key Takeaway

Homes in 78237 have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in 78237 was $169,000 in October 2024, down 3.4% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $60K$95K
+58.3%
2 $120K$88K
-26.7%
3 $180K$175K
-2.8%
4 $200K$187.2K
-6.4%
5+ $317K$162.3K
-48.8%

Summary: 78237 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.3%, 2 bedroom homes decreased by 26.7%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 48.8%.

Median Sold Price Compared To Nearby Zip Codes

78226
+17.4%
78227
+3.7%
78207
+1.3%
78228
-1.7%
78237
-3.4%

Housing Supply in 78237, TX

How many homes are available in 78237, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7892+17.9%

Summary: The 78237 real estate market had 92 homes for sale in October 2024, a 17.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 612
+100.0%
3 5761
+7.0%
4 1315
+15.4%
5+ 24
+100.0%

Summary: The 78237 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%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
660.0%

Asking Price vs. Sold Price

4 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 78237, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 78237 in October 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for 78237, TX

How long does it take to sell a home in 78237, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days100 Days+343.0%

Summary: Homes in 78237 had an average of 100 days on market in Oct 2024, up by 343% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 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 78237 has remained consistent over time.

Summary: During October 2024, 6 homes were sold in 78237; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% 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 4 Days Ago

Newest Listings in 78237, TX

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