The 78516 housing market is somewhat competitive. The median sale price of a home in 78516 was $215K last month, up 0.9% since last year. The median sale price per square foot in 78516 is $121, down 4.0% since last year.
In March 2024, 78516 home prices were up 0.9% compared to last year, selling for a median price of $215K. On average, homes in 78516 sell after 57 days on the market compared to 47 days last year. There were 37 homes sold in March this year, down from 45 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$215,000
+0.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
78516, TX
$215,000
+0.9%
United States
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How hot is the 78516 housing market?
78516 is somewhat competitive. Homes sell in 65.5 days.
0
100
46
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 66 days.
Hot homes
can sell for around list price and go pending in around 31 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 78516 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 78516.
Risk Factor
Flood Factor - Moderate
54% of properties are at risk of severe flooding over the next 30 years
Flood Factor
78516 has a moderate risk of flooding. 2,769 properties in 78516 are likely to be
severely affected
by flooding over the next 30 years. This represents 54% of all properties in 78516. Flood risk is increasing slower than the national average.
93% of properties are at risk of wildfire over the next 30 years
Fire Factor
78516 has a severe risk of wildfire. There are 10,712 properties in 78516 that have some risk of being affected by wildfire over the next 30 years. This represents 93% of all properties in 78516.
93% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
78516 has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 78516 is most at risk from hurricanes. 10,712 properties in 78516 have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 150 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 160 mph.