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 20 Days Ago

Newest Listings in 78259, TX

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