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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78250 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 78250 was a Seller's Market.

Key Takeaway

78250 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78250, TX

How much do homes in 78250, TX cost?

Median Sold Price

$255,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$500(-0.2%)

Key Takeaway

The sold price of homes in 78250 has remained the same since last year.

Summary: The median home sold price in 78250 was $255,000 in December 2024, down 0.2% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $118K$139K
+17.8%
2 $188K$195K
+3.7%
3 $250K$249.9K
0%
4 $289.9K$289K
-0.3%
5+ $326K$325K
-0.3%

Summary: 78250 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.8%, 2 bedroom homes increased by 3.7%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 0.3%.

Median Sold Price Compared To Nearby Zip Codes

78238
+2.5%
78251
0.0%
78250
-0.2%
78240
-1.7%
78254
-2.9%

Housing Supply in 78250, TX

How many homes are available in 78250, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
205204-0.5%

Summary: The 78250 real estate market had 204 homes for sale in December 2024, a 0.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1110
-9.1%
3 128127
-0.8%
4 5657
+1.8%
5+ 1010
0.0%

Summary: The 78250 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3226-18.8%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

6 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, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 78250 in December 2024, down by 18.8% month-over-month. Of the 26 sold homes, 62% were sold under asking, 23% were sold at asking, and 15% 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

Dec 2023Dec 2024CHANGE
59 Days73 Days+24.7%

Summary: Homes in 78250 had an average of 73 days on market in Dec 2024, up by 24.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78250 has remained consistent over time.

Summary: During December 2024, 26 homes were sold in 78250; 27% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 35% 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

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