Is 78259, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78259 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 78259 has remained a Seller's Market.

Key Takeaway

78259 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 78259, TX

How much do homes in 78259, TX cost?

Median Sold Price

$396,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$8,650(-2.1%)

Key Takeaway

Homes in 78259 have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in 78259 was $396,000 in October 2024, down 2.1% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$234.9K
N/A
3 $365K$363.5K
-0.4%
4 $430K$435K
+1.2%
5+ $532.5K$554.9K
+4.2%

Summary: 78259 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 did not change, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 4.2%.

Median Sold Price Compared To Nearby Zip Codes

78232
0.5%
78258
0%
78247
-0.1%
78259
-2.1%
78261
-3.7%

Housing Supply in 78259, TX

How many homes are available in 78259, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
123125+1.6%

Summary: The 78259 real estate market had 125 homes for sale in October 2024, a 1.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 5555
0.0%
4 5558
+5.5%
5+ 1110
-9.1%

Summary: The 78259 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 remained the same, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2429+20.8%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78259, you may be able to get a good deal. 75.9% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in 78259 in October 2024, up by 20.8% month-over-month. Of the 29 sold homes, 76% were sold under asking, 17% were sold at asking, and 7% were sold over asking.

Days on Market for 78259, TX

How long does it take to sell a home in 78259, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
54 Days59 Days+8.9%

Summary: Homes in 78259 had an average of 59 days on market in Oct 2024, up by 8.9% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

13 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 78259 has remained consistent over time.

Summary: During October 2024, 29 homes were sold in 78259; 31% of homes were sold within 30 days, 45% 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 4 Days Ago

Newest Listings in 78259, TX

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