78061 Zip Code Real Estate Market Continues Downward Trend in Price Cuts

The 78061 zip code market saw sales remain steady this week at one home sold over the last 30 days, while it undergoes an emerging downward trend in price reductions, with two in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. The median sales price in the 78061 zip code stayed put this week at $80,000. With no movement in sales and the availability of eight months of inventory, the 78061 zip code is a definite buyer's market.

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Demographic facts about the 78061 zip code:

  • There are 18.4 people per square mile in this area.
  • The lifestyle rating for this area is 32. (Scale: 1 = Worst, 100 = Best)
  • 70.5% of the residents commute to work alone in their car, 20.1% via carpool, and 0.0% by way of public transit.

Data reported through 10/12/2016

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