Is 78253, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78253 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78253 was a Seller's Market.

Key Takeaway

78253 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78253, TX

How much do homes in 78253, TX cost?

Median Sold Price

$334,997

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,539(+0.8%)

Key Takeaway

Homes in 78253 have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in 78253 was $334,997 in October 2024, up 0.8% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $315K-
N/A
2 $336.7K$337.5K
0.2%
3 $290K$291.9K
+0.7%
4 $355.2K$359.9K
+1.3%
5+ $384.5K$398.2K
+3.6%

Summary: 78253 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 0.2%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Zip Codes

78253
+0.8%
78251
-0.2%
78245
-3.7%
78254
-4.0%

Housing Supply in 78253, TX

How many homes are available in 78253, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
616674+9.4%

Summary: The 78253 real estate market had 674 homes for sale in October 2024, a 9.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 3438
+11.8%
3 219229
+4.6%
4 281328
+16.7%
5+ 8279
-3.7%

Summary: The 78253 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 increased by 11.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 3.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
8396+15.7%

Asking Price vs. Sold Price

51 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78253, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.

Summary: A total of 96 homes were sold or pending in 78253 in October 2024, up by 15.7% month-over-month. Of the 96 sold homes, 53% were sold under asking, 33% were sold at asking, and 14% were sold over asking.

Days on Market for 78253, TX

How long does it take to sell a home in 78253, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
82 Days87 Days+6.3%

Summary: Homes in 78253 had an average of 87 days on market in Oct 2024, up by 6.3% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

37 Homes Were Sold
In 30 - 90 Days

38 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78253 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 96 homes were sold in 78253; 22% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 40% 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 78253, TX

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