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 November 2023

At the same time last year, 78242 was a Seller'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

$205,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,000(+3.0%)

Key Takeaway

Homes in 78242 have sold for 3% more than they did a year ago.

Summary: The median home sold price in 78242 was $205,000 in November 2024, up 3% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $199K$185K
-7.0%
3 $185K$200.2K
+8.2%
4 $225K$210K
-6.7%
5+ $159K$300K
+88.7%

Summary: 78242 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 7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 88.7%.

Median Sold Price Compared To Nearby Zip Codes

78242
+3.0%
78227
+2.6%
78211
+2.4%
78226
-9.0%

Housing Supply in 78242, TX

How many homes are available in 78242, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7779+2.6%

Summary: The 78242 real estate market had 79 homes for sale in November 2024, a 2.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 55
0.0%
3 5351
-3.8%
4 1720
+17.6%
5+ 12
+100.0%

Summary: The 78242 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 decreased by 3.8%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
129-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78242, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in 78242 in November 2024, down by 25.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 56% 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

Nov 2023Nov 2024CHANGE
55 Days114 Days+107.4%

Summary: Homes in 78242 had an average of 114 days on market in Nov 2024, up by 107.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78242 has remained consistent over time.

Summary: During November 2024, 9 homes were sold in 78242; 22% of homes were sold within 30 days, 44% 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 22 Days Ago

Newest Listings in 78242, TX

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