Is 78242, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78242 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 78242 has remained a Buyer's Market.

Key Takeaway

78242 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78242, TX

How much do homes in 78242, TX cost?

Median Sold Price

$204,500

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,500(+2.3%)

Key Takeaway

Homes in 78242 have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in 78242 was $204,500 in October 2024, up 2.3% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $208K$165K
-20.7%
3 $185K$199K
+7.6%
4 $225K$220K
-2.2%
5+ $159K$300K
+88.7%

Summary: 78242 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 20.7%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 88.7%.

Median Sold Price Compared To Nearby Zip Codes

78226
+17.4%
78227
+3.7%
78211
+2.5%
78242
+2.3%

Housing Supply in 78242, TX

How many homes are available in 78242, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8177-4.9%

Summary: The 78242 real estate market had 77 homes for sale in October 2024, a 4.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 75
-28.6%
3 5555
0.0%
4 1715
-11.8%
5+ 11
0.0%

Summary: The 78242 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 28.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

7 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 78242, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 78242 in October 2024, down by 18.2% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.

Days on Market for 78242, TX

How long does it take to sell a home in 78242, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
78 Days110 Days+40.8%

Summary: Homes in 78242 had an average of 110 days on market in Oct 2024, up by 40.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78242 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 78242; 44% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 44% 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 78242, TX

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