78109 Zip Code Real Estate Market Extends Weakening in Home Prices

The 78109 zip code market was busy in this week's report, as the number of home sales rose 6.8%, pushing the total to 63 homes sold over the last 30 days. In comparison, the nearby 78108 zip code had 64 sales in the same time frame, the most of all neighboring zip codes. The median sales price continued to fall, trending downwards for four weeks to reach $150,000. The rising sales and a low three months of inventory point to the 78109 zip code being a seller's market.

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Demographic facts about the 78109 zip code:

  • The average age of houses in this area is 15 years old.
  • This area has an anticipated job growth rating of 71. (Scale: 1 = Worst, 100 = Best)
  • This area has an average school expenditure per student of $4,149. ($5,691 = national average)

Data reported through 10/12/2016

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The Home Team of America
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