Is 78249, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78249 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 78249 has remained a Seller's Market.

Key Takeaway

78249 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78249, TX

How much do homes in 78249, TX cost?

Median Sold Price

$320,000

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,055(+1.6%)

Key Takeaway

Homes in 78249 have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in 78249 was $320,000 in October 2024, up 1.6% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$145.7K
N/A
2 $201.5K$246.2K
+22.2%
3 $300K$305K
+1.7%
4 $347.5K$345K
-0.7%
5+ $410K$429K
+4.6%

Summary: 78249 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 increased by 22.2%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 4.6%.

Median Sold Price Compared To Nearby Zip Codes

78231
+10.4%
78230
+2.6%
78249
+1.6%
78240
-0.9%
78256
-4.5%

Housing Supply in 78249, TX

How many homes are available in 78249, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
211209-0.9%

Summary: The 78249 real estate market had 209 homes for sale in October 2024, a 0.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1011
+10.0%
3 118111
-5.9%
4 7278
+8.3%
5+ 119
-18.2%

Summary: The 78249 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 increased by 10%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5239-25.0%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78249, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in 78249 in October 2024, down by 25.0% month-over-month. Of the 39 sold homes, 62% were sold under asking, 26% were sold at asking, and 13% were sold over asking.

Days on Market for 78249, TX

How long does it take to sell a home in 78249, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
48 Days51 Days+5.5%

Summary: Homes in 78249 had an average of 51 days on market in Oct 2024, up by 5.5% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78249 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 39 homes were sold in 78249; 49% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 78249, TX

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