Is Alamo Heights, 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, Alamo Heights has remained a Seller's Market.
Housing Prices in Alamo Heights, TX
How much do homes in Alamo Heights, TX cost?
Median Sold Price
$700,500
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Alamo Heights was $700,500 in May 2024, up 3.1% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $507.5K | - | N/A |
2 Bedrooms | $452.5K | $484K | +7.0% |
3 Bedrooms | $685K | $685K | 0.0% |
4 Bedrooms | $950K | $912.5K | -3.9% |
5+ Bedrooms | $872K | $1.3M | +59.6% |
Summary: Alamo Heights 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 increased by 7%, 3 bedroom homes did not change, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 59.6%.
Median Sold Price Compared To Nearby Cities
Alamo Heights | $679.5K | $700.5K | +3.1% |
San Antonio Central | $220.7K | $227.6K | +3.1% |
San Antonio | $299.9K | $295K | -1.6% |
Terrell Hills | $777K | $750K | -3.5% |
Housing Supply in Alamo Heights, TX
How many homes are available in Alamo Heights, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 51 | +8.5% |
Summary: The Alamo Heights real estate market had 51 homes for sale in May 2024, a 8.5% 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 | 8 | 9 | +12.5% |
3 Bedrooms | 16 | 19 | +18.8% |
4 Bedrooms | 19 | 18 | -5.3% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Alamo Heights 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 increased by 12.5%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 11 | -15.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Alamo Heights in May 2024, down by 15.4% month-over-month. Of the 11 sold homes, 73% were sold under asking, 27% were sold at asking, and 0% were sold over asking.
Days on Market for Alamo Heights, TX
How long does it take to sell a home in Alamo Heights, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
74 Days | 57 Days | -23.2% |
Summary: Homes in Alamo Heights had an average of 57 days on market in May 2024, down by 23.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Alamo Heights; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.