Is 78722, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 78722 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 78722 was a Seller's Market.

Key Takeaway

78722 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 78722, TX

How much do homes in 78722, TX cost?

Median Sold Price

$602,522

$471/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$96,478(-13.8%)

Key Takeaway

Homes in 78722 have sold for 13.8% less than they did a year ago.

Summary: The median home sold price in 78722 was $602,522 in October 2024, down 13.8% from last year, and the median price per square foot was $471.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $332.5K$245K
-26.3%
2 $520K$491.1K
-5.6%
3 $760K$755K
-0.7%
4 $1.0M$1.1M
+7.2%
5+ -$1.2M
N/A

Summary: 78722 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.3%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

78705
-0.4%
78723
-7.4%
78702
-7.6%
78751
-9.7%
78722
-13.8%

Housing Supply in 78722, TX

How many homes are available in 78722, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4349+14.0%

Summary: The 78722 real estate market had 49 homes for sale in October 2024, a 14.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 1617
+6.3%
3 1515
0.0%
4 710
+42.9%
5+ 23
+50.0%

Summary: The 78722 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 78722, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 78722 in October 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 78722, TX

How long does it take to sell a home in 78722, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
119 Days59 Days-50.0%

Summary: Homes in 78722 had an average of 59 days on market in Oct 2024, down by 50% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 78722 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 78722; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 78722, TX

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