Is 78244, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78244 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78244 was a Seller's Market.

Key Takeaway

78244 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78244, TX

How much do homes in 78244, TX cost?

Median Sold Price

$241,326

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$11,632(-4.6%)

Key Takeaway

Homes in 78244 have sold for 4.6% less than they did a year ago.

Summary: The median home sold price in 78244 was $241,326 in November 2024, down 4.6% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $148.9K$141.9K
-4.7%
2 $167.5K$165K
-1.5%
3 $242.3K$234.9K
-3.1%
4 $280K$269.4K
-3.8%
5+ $311K$279.1K
-10.2%

Summary: 78244 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 10.2%.

Median Sold Price Compared To Nearby Zip Codes

78219
+2.6%
78218
0.2%
78239
-0.6%
78109
-1.9%
78244
-4.6%

Housing Supply in 78244, TX

How many homes are available in 78244, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
235253+7.7%

Summary: The 78244 real estate market had 253 homes for sale in November 2024, a 7.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 64
-33.3%
2 67
+16.7%
3 139148
+6.5%
4 7382
+12.3%
5+ 1112
+9.1%

Summary: The 78244 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2722-18.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78244, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 78244 in November 2024, down by 18.5% month-over-month. Of the 22 sold homes, 45% were sold under asking, 23% were sold at asking, and 32% were sold over asking.

Days on Market for 78244, TX

How long does it take to sell a home in 78244, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
80 Days80 Days-0.9%

Summary: Homes in 78244 had an average of 80 days on market in Nov 2024, down by 0.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78244 has remained consistent over time.

Summary: During November 2024, 22 homes were sold in 78244; 14% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 27% 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 78244, TX

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