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 October 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

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,555(+4.3%)

Key Takeaway

Homes in 78238 have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in 78238 was $255,555 in October 2024, up 4.3% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $239.9K$198.5K
-17.3%
3 $244.5K$247K
+1.0%
4 $251.1K$283K
+12.7%
5+ $237.5K$315.7K
+32.9%

Summary: 78238 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 decreased by 17.3%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 32.9%.

Median Sold Price Compared To Nearby Zip Codes

78238
+4.3%
78251
-0.2%
78240
-0.9%
78250
-1.3%
78228
-1.7%

Housing Supply in 78238, TX

How many homes are available in 78238, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6267+8.1%

Summary: The 78238 real estate market had 67 homes for sale in October 2024, a 8.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 3839
+2.6%
4 2024
+20.0%
5+ 12
+100.0%

Summary: The 78238 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 decreased by 33.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
137-46.2%

Asking Price vs. Sold Price

4 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 78238, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 78238 in October 2024, down by 46.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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

Oct 2023Oct 2024CHANGE
48 Days66 Days+38.1%

Summary: Homes in 78238 had an average of 66 days on market in Oct 2024, up by 38.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were 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 78238 has remained consistent over time.

Summary: During October 2024, 7 homes were sold in 78238; 29% of homes were sold within 30 days, 43% 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 78238, TX

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