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 October 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

$244,750

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$8,316(-3.3%)

Key Takeaway

Homes in 78244 have sold for 3.3% less than they did a year ago.

Summary: The median home sold price in 78244 was $244,750 in October 2024, down 3.3% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $148.9K$141.9K
-4.7%
2 $167.2K$165K
-1.3%
3 $244.9K$235.7K
-3.8%
4 $280K$269.9K
-3.6%
5+ $310K$292.4K
-5.6%

Summary: 78244 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 5.6%.

Median Sold Price Compared To Nearby Zip Codes

78218
+1.5%
78109
-1.5%
78239
-1.7%
78219
-2.3%
78244
-3.3%

Housing Supply in 78244, TX

How many homes are available in 78244, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
218258+18.3%

Summary: The 78244 real estate market had 258 homes for sale in October 2024, a 18.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 86
-25.0%
2 87
-12.5%
3 129153
+18.6%
4 6579
+21.5%
5+ 813
+62.5%

Summary: The 78244 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes increased by 62.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3124-22.6%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 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. 45.8% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 78244 in October 2024, down by 22.6% month-over-month. Of the 24 sold homes, 46% were sold under asking, 21% were sold at asking, and 33% 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

Oct 2023Oct 2024CHANGE
53 Days97 Days+81.8%

Summary: Homes in 78244 had an average of 97 days on market in Oct 2024, up by 81.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

9 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 October 2024, 24 homes were sold in 78244; 21% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 38% 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 78244, TX

Nearby Markets to 78244, TX