Is 78257, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78257 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78257 was a Seller's Market.

Key Takeaway

78257 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 78257, TX

How much do homes in 78257, TX cost?

Median Sold Price

$947,500

$263/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,500(+1.3%)

Key Takeaway

Homes in 78257 have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in 78257 was $947,500 in October 2024, up 1.3% from last year, and the median price per square foot was $263.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$195K
N/A
2 $616.5K$515K
-16.5%
3 $730K$712.5K
-2.4%
4 $910K$959.3K
+5.4%
5+ $1.1M$1.2M
+3.1%

Summary: 78257 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 16.5%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 3.1%.

Median Sold Price Compared To Nearby Zip Codes

78249
+1.6%
78257
+1.3%
78258
0%
78255
-2.5%
78256
-4.5%

Housing Supply in 78257, TX

How many homes are available in 78257, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7691+19.7%

Summary: The 78257 real estate market had 91 homes for sale in October 2024, a 19.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1322
+69.2%
4 4144
+7.3%
5+ 2022
+10.0%

Summary: The 78257 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 50%, 3 bedroom homes increased by 69.2%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
814+75.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78257, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 78257 in October 2024, up by 75.0% month-over-month. Of the 14 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% were sold over asking.

Days on Market for 78257, TX

How long does it take to sell a home in 78257, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
53 Days68 Days+26.7%

Summary: Homes in 78257 had an average of 68 days on market in Oct 2024, up by 26.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78257 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in 78257; 36% of homes were sold within 30 days, 36% 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 4 Days Ago

Newest Listings in 78257, TX

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