Is 78251, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78251 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 78251 has remained a Seller's Market.

Key Takeaway

78251 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78251, TX

How much do homes in 78251, TX cost?

Median Sold Price

$285,111

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$111(0.0%)

Key Takeaway

The sold price of homes in 78251 has remained the same since last year.

Summary: The median home sold price in 78251 was $285,111 in December 2024, the same as last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $205K$210K
+2.4%
3 $272.8K$263.5K
-3.4%
4 $315K$330K
+4.8%
5+ $362.2K$371.9K
+2.7%

Summary: 78251 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Zip Codes

78227
+4.7%
78238
+2.5%
78251
0.0%
78250
-0.2%
78245
-5.3%

Housing Supply in 78251, TX

How many homes are available in 78251, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
164161-1.8%

Summary: The 78251 real estate market had 161 homes for sale in December 2024, a 1.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 9387
-6.5%
4 5664
+14.3%
5+ 128
-33.3%

Summary: The 78251 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 33.3%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3532-8.6%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78251, you may be able to get a good deal. 65.6% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 78251 in December 2024, down by 8.6% month-over-month. Of the 32 sold homes, 66% were sold under asking, 25% were sold at asking, and 9% were sold over asking.

Days on Market for 78251, TX

How long does it take to sell a home in 78251, TX?

Average Sale Time

Dec 2023Dec 2024CHANGE
52 Days66 Days+26.2%

Summary: Homes in 78251 had an average of 66 days on market in Dec 2024, up by 26.2% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

13 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 78251 has remained consistent over time.

Summary: During December 2024, 32 homes were sold in 78251; 31% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 28% 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 2 Days Ago

Newest Listings in 78251, TX

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