Is 78250, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78250 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 78250 has remained a Seller's Market.

Key Takeaway

78250 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78250, TX

How much do homes in 78250, TX cost?

Median Sold Price

$252,535

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3,297(-1.3%)

Key Takeaway

Homes in 78250 have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in 78250 was $252,535 in October 2024, down 1.3% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $116K$129.5K
+11.6%
2 $189K$191.8K
+1.5%
3 $250.6K$248.4K
-0.9%
4 $290K$285K
-1.7%
5+ $311.5K$320K
+2.7%

Summary: 78250 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 1.5%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Zip Codes

78238
+4.3%
78251
-0.2%
78240
-0.9%
78250
-1.3%
78254
-4.0%

Housing Supply in 78250, TX

How many homes are available in 78250, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
205220+7.3%

Summary: The 78250 real estate market had 220 homes for sale in October 2024, a 7.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1312
-7.7%
3 133146
+9.8%
4 5052
+4.0%
5+ 910
+11.1%

Summary: The 78250 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 decreased by 7.7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3439+14.7%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78250, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.

Summary: A total of 39 homes were sold or pending in 78250 in October 2024, up by 14.7% month-over-month. Of the 39 sold homes, 44% were sold under asking, 46% were sold at asking, and 10% were sold over asking.

Days on Market for 78250, TX

How long does it take to sell a home in 78250, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
44 Days58 Days+31.2%

Summary: Homes in 78250 had an average of 58 days on market in Oct 2024, up by 31.2% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78250 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 39 homes were sold in 78250; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 23% 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 23 Days Ago

Newest Listings in 78250, TX

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