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 22 Days Ago

Newest Listings in 78249, TX

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