Is 78254, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78254 is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 78254 was a Seller's Market.

Key Takeaway

78254 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 78254, TX

How much do homes in 78254, TX cost?

Median Sold Price

$325,748

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$9,653(-2.9%)

Key Takeaway

Homes in 78254 have sold for 2.9% less than they did a year ago.

Summary: The median home sold price in 78254 was $325,748 in December 2024, down 2.9% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$159K
N/A
2 $275K$336.2K
+22.3%
3 $290K$279.4K
-3.6%
4 $372.5K$375K
+0.6%
5+ $420K$395K
-6.0%

Summary: 78254 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 22.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 6%.

Median Sold Price Compared To Nearby Zip Codes

78023
+9.1%
78253
+1.4%
78250
-0.2%
78240
-1.7%
78254
-2.9%

Housing Supply in 78254, TX

How many homes are available in 78254, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
569538-5.4%

Summary: The 78254 real estate market had 538 homes for sale in December 2024, a 5.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 44
0.0%
3 230225
-2.2%
4 289265
-8.3%
5+ 4644
-4.3%

Summary: The 78254 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 remained the same, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 4.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
8784-3.4%

Asking Price vs. Sold Price

53 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78254, you may be able to get a good deal. 63.1% of homes here sold below asking price last month.

Summary: A total of 84 homes were sold or pending in 78254 in December 2024, down by 3.4% month-over-month. Of the 84 sold homes, 63% were sold under asking, 27% were sold at asking, and 10% were sold over asking.

Days on Market for 78254, TX

How long does it take to sell a home in 78254, TX?

Average Sale Time

Dec 2023Dec 2024CHANGE
65 Days84 Days+28.9%

Summary: Homes in 78254 had an average of 84 days on market in Dec 2024, up by 28.9% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

34 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 78254 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 84 homes were sold in 78254; 29% of homes were sold within 30 days, 31% 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 78254, TX

Nearby Markets to 78254, TX