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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78254 is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

78254 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78254, TX

How much do homes in 78254, TX cost?

Median Sold Price

$325,987

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$13,378(-3.9%)

Key Takeaway

Homes in 78254 have sold for 3.9% less than they did a year ago.

Summary: The median home sold price in 78254 was $325,987 in November 2024, down 3.9% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$159K
N/A
2 $285K$335K
+17.5%
3 $292.3K$280K
-4.2%
4 $375K$375K
0.0%
5+ $424.9K$397K
-6.6%

Summary: 78254 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 17.5%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 6.6%.

Median Sold Price Compared To Nearby Zip Codes

78023
+9.0%
78253
+1.2%
78250
-0.4%
78240
-2.4%
78254
-3.9%

Housing Supply in 78254, TX

How many homes are available in 78254, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
594591-0.5%

Summary: The 78254 real estate market had 591 homes for sale in November 2024, a 0.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 75
-28.6%
3 245243
-0.8%
4 300295
-1.7%
5+ 4248
+14.3%

Summary: The 78254 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 28.6%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9278-15.2%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

14 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. 53.8% of homes here sold below asking price last month.

Summary: A total of 78 homes were sold or pending in 78254 in November 2024, down by 15.2% month-over-month. Of the 78 sold homes, 54% were sold under asking, 28% were sold at asking, and 18% 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

Nov 2023Nov 2024CHANGE
64 Days66 Days+2.4%

Summary: Homes in 78254 had an average of 66 days on market in Nov 2024, up by 2.4% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

23 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78254 has remained consistent over time.

Summary: During November 2024, 78 homes were sold in 78254; 31% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 29% 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 78254, TX

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