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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78253 is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, 78253 has remained a Neutral Market.

Key Takeaway

78253 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 78253, TX

How much do homes in 78253, TX cost?

Median Sold Price

$334,996

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$3,889(+1.2%)

Key Takeaway

Homes in 78253 have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in 78253 was $334,996 in November 2024, up 1.2% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $315K-
N/A
2 $335.3K$339K
+1.1%
3 $290K$293K
+1.0%
4 $354.9K$359.6K
+1.3%
5+ $390K$399.9K
+2.6%

Summary: 78253 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Zip Codes

78253
+1.2%
78251
0.2%
78254
-3.9%
78245
-4.9%

Housing Supply in 78253, TX

How many homes are available in 78253, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
645617-4.3%

Summary: The 78253 real estate market had 617 homes for sale in November 2024, a 4.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 3533
-5.7%
3 229214
-6.6%
4 306296
-3.3%
5+ 7574
-1.3%

Summary: The 78253 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 1.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10292-9.8%

Asking Price vs. Sold Price

57 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

9 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. 62% of homes here sold below asking price last month.

Summary: A total of 92 homes were sold or pending in 78253 in November 2024, down by 9.8% month-over-month. Of the 92 sold homes, 62% were sold under asking, 28% were sold at asking, and 10% 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

Nov 2023Nov 2024CHANGE
89 Days82 Days-8.4%

Summary: Homes in 78253 had an average of 82 days on market in Nov 2024, down by 8.4% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

32 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 November 2024, 92 homes were sold in 78253; 32% of homes were sold within 30 days, 34% 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 21 Days Ago

Newest Listings in 78253, TX

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