Is 78245, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78245 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 78245 was a Neutral Market.

Key Takeaway

78245 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78245, TX

How much do homes in 78245, TX cost?

Median Sold Price

$275,630

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$14,351(-4.9%)

Key Takeaway

Homes in 78245 have sold for 4.9% less than they did a year ago.

Summary: The median home sold price in 78245 was $275,630 in November 2024, down 4.9% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $144K-
N/A
2 $182.5K$164K
-10.1%
3 $265K$249.9K
-5.7%
4 $315K$315.5K
0.2%
5+ $355K$355K
0.0%

Summary: 78245 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 10.1%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

78227
+2.6%
78253
+1.2%
78251
0.2%
78252
-3.9%
78245
-4.9%

Housing Supply in 78245, TX

How many homes are available in 78245, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
645650+0.8%

Summary: The 78245 real estate market had 650 homes for sale in November 2024, a 0.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1816
-11.1%
3 286292
+2.1%
4 284285
0.4%
5+ 5757
0.0%

Summary: The 78245 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 decreased by 11.1%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10572-31.4%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78245, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.

Summary: A total of 72 homes were sold or pending in 78245 in November 2024, down by 31.4% month-over-month. Of the 72 sold homes, 51% were sold under asking, 38% were sold at asking, and 11% were sold over asking.

Days on Market for 78245, TX

How long does it take to sell a home in 78245, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
69 Days71 Days+3.3%

Summary: Homes in 78245 had an average of 71 days on market in Nov 2024, up by 3.3% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

35 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78245 has remained consistent over time.

Summary: During November 2024, 72 homes were sold in 78245; 24% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 28% 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 78245, TX

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