Is 78255, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78255 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78255 was a Seller's Market.

Key Takeaway

78255 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 78255, TX

How much do homes in 78255, TX cost?

Median Sold Price

$560,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$14,516(-2.5%)

Key Takeaway

Homes in 78255 have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in 78255 was $560,000 in October 2024, down 2.5% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $129K-
N/A
2 $365K$231.6K
-36.5%
3 $439K$406K
-7.5%
4 $595K$632.5K
+6.3%
5+ $670.4K$715K
+6.6%

Summary: 78255 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 decreased by 36.5%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 6.6%.

Median Sold Price Compared To Nearby Zip Codes

78023
+3.9%
78249
+1.6%
78257
+1.3%
78255
-2.5%
78256
-4.5%

Housing Supply in 78255, TX

How many homes are available in 78255, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
129142+10.1%

Summary: The 78255 real estate market had 142 homes for sale in October 2024, a 10.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 3643
+19.4%
4 6262
0.0%
5+ 3034
+13.3%

Summary: The 78255 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 200%, 3 bedroom homes increased by 19.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1622+37.5%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78255, you may be able to get a good deal. 77.3% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 78255 in October 2024, up by 37.5% month-over-month. Of the 22 sold homes, 77% were sold under asking, 18% were sold at asking, and 5% were sold over asking.

Days on Market for 78255, TX

How long does it take to sell a home in 78255, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
53 Days64 Days+21.4%

Summary: Homes in 78255 had an average of 64 days on market in Oct 2024, up by 21.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78255 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 22 homes were sold in 78255; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% 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 78255, TX

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