Is 78254, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 78254 has remained a Seller's Market.
Housing Prices in 78254, TX
How much do homes in 78254, TX cost?
Median Sold Price
$330,086
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 78254 was $330,086 in May 2024, down 4.5% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $315K | $275K | -12.7% |
3 Bedrooms | $300K | $285K | -5.0% |
4 Bedrooms | $377.5K | $375K | -0.7% |
5+ Bedrooms | $445K | $402K | -9.7% |
Summary: 78254 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.7%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 9.7%.
Housing Supply in 78254, TX
How many homes are available in 78254, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
585 | 638 | +9.1% |
Summary: The 78254 real estate market had 638 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 249 | 276 | +10.8% |
4 Bedrooms | 280 | 295 | +5.4% |
5+ Bedrooms | 49 | 60 | +22.4% |
Summary: The 78254 housing inventory by bedroom type for May 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 10.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 22.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
101 | 108 | +6.9% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 108 homes were sold or pending in 78254 in May 2024, up by 6.9% month-over-month. Of the 108 sold homes, 64% were sold under asking, 24% were sold at asking, and 12% were sold over asking.
Days on Market for 78254, TX
How long does it take to sell a home in 78254, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
70 Days | 70 Days | 0.3% |
Summary: Homes in 78254 had an average of 70 days on market in May 2024, up by 0.3% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Summary: During May 2024, 108 homes were sold in 78254; 39% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.