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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78251 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78251 was a Seller's Market.

Key Takeaway

78251 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 78251, TX

How much do homes in 78251, TX cost?

Median Sold Price

$284,333

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$666(-0.2%)

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 $284,333 in October 2024, down 0.2% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $205K$209.5K
+2.2%
3 $272K$264K
-2.9%
4 $312.9K$325K
+3.8%
5+ $369.5K$371.9K
+0.7%

Summary: 78251 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 2.2%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Zip Codes

78238
+4.3%
78227
+3.7%
78251
-0.2%
78250
-1.3%
78245
-3.7%

Housing Supply in 78251, TX

How many homes are available in 78251, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
186198+6.5%

Summary: The 78251 real estate market had 198 homes for sale in October 2024, a 6.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 109112
+2.8%
4 6169
+13.1%
5+ 1213
+8.3%

Summary: The 78251 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 remained the same, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
30300.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

9 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. 60% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in 78251 in October 2024, the same as the previous month. Of the 30 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% 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

Oct 2023Oct 2024CHANGE
44 Days69 Days+56.0%

Summary: Homes in 78251 had an average of 69 days on market in Oct 2024, up by 56% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

17 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 October 2024, 30 homes were sold in 78251; 13% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 30% 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 78251, TX

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