Is 78258, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78258 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78258 was a Seller's Market.

Key Takeaway

78258 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78258, TX

How much do homes in 78258, TX cost?

Median Sold Price

$493,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$66(0%)

Key Takeaway

The sold price of homes in 78258 has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $369.5K$305K
-17.5%
3 $415K$422.5K
+1.8%
4 $500K$506.3K
+1.3%
5+ $592.5K$595K
0.4%

Summary: 78258 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 17.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 0.4%.

Median Sold Price Compared To Nearby Zip Codes

78248
+1.5%
78232
0.5%
78258
0%
78260
-1.9%
78259
-2.1%

Housing Supply in 78258, TX

How many homes are available in 78258, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
178206+15.7%

Summary: The 78258 real estate market had 206 homes for sale in October 2024, a 15.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 4854
+12.5%
4 93108
+16.1%
5+ 3744
+18.9%

Summary: The 78258 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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 18.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2729+7.4%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78258, you may be able to get a good deal. 72.4% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in 78258 in October 2024, up by 7.4% month-over-month. Of the 29 sold homes, 72% were sold under asking, 24% were sold at asking, and 3% were sold over asking.

Days on Market for 78258, TX

How long does it take to sell a home in 78258, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
49 Days78 Days+57.4%

Summary: Homes in 78258 had an average of 78 days on market in Oct 2024, up by 57.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 78258 has remained consistent over time.

Summary: During October 2024, 29 homes were sold in 78258; 24% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 24% 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 78258, TX

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