Housing Prices in 78516, TX

How much do homes in 78516, TX cost?

Median List Price

$245,000

$158/sqft

Based on all homes listed in the last 12 months.

Difference Since December 2023

-$2,000(-0.8%)

Key Takeaway

The list price of homes in 78516 has decreased by 0.8% since last year.

Summary: The median home list price in 78516 was $245,000 in December 2024, down 0.8% from the previous year, and the median price per square foot was $158.

Median List Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $64.9K$149.9K
+131.0%
3 $242K$245K
+1.2%
4 $269.9K$325K
+20.4%
5+ -$722.5K
N/A

Summary: 78516 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 131%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes did not change.

Housing Supply in 78516, TX

How many homes are available in 78516, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
101114+12.9%

Summary: The 78516 real estate market had 114 homes for sale in December 2024, a 12.9% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1415
+7.1%
3 6676
+15.2%
4 1718
+5.9%
5+ 45
+25.0%

Summary: The 78516 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 25%.

Days on Market for 78516, TX

How long does it take to sell a home in 78516, TX?

Average Listing Age

Dec 2023Dec 2024CHANGE
351 Days142 Days-59.4%

Summary: Homes in 78516 had an average listing age of 142 days in Dec 2024, down by 59.4% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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