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 4 Days Ago

Newest Listings in 78250, TX

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