Is 78238, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78238 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78238 was a Seller's Market.

Key Takeaway

78238 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78238, TX

How much do homes in 78238, TX cost?

Median Sold Price

$255,555

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,555(+2.6%)

Key Takeaway

Homes in 78238 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 78238 was $255,555 in November 2024, up 2.6% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $239.9K$198.5K
-17.3%
3 $244.7K$247K
+0.9%
4 $254.7K$283K
+11.1%
5+ $262.5K$583.2K
+122.2%

Summary: 78238 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 decreased by 17.3%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 122.2%.

Median Sold Price Compared To Nearby Zip Codes

78238
+2.6%
78251
0.2%
78250
-0.4%
78228
-0.6%
78240
-2.4%

Housing Supply in 78238, TX

How many homes are available in 78238, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6677+16.7%

Summary: The 78238 real estate market had 77 homes for sale in November 2024, a 16.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 3741
+10.8%
4 2631
+19.2%
5+ 12
+100.0%

Summary: The 78238 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 50%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
880.0%

Asking Price vs. Sold Price

8 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 78238, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 78238 in November 2024, the same as the previous month. Of the 8 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78238, TX

How long does it take to sell a home in 78238, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
62 Days27 Days-56.9%

Summary: Homes in 78238 had an average of 27 days on market in Nov 2024, down by 56.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78238 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in 78238; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 78238, TX

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