Is 78238, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 78238 has remained a Seller's Market.
Key Takeaway
78238 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 78238, TX
How much do homes in 78238, TX cost?
Median Sold Price
$253,450
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 78238 have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in 78238 was $253,450 in March 2024, up 1.2% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $257.8K | $239.9K | -7.0% |
| 3 Bedrooms | $248.5K | $248K | -0.2% |
| 4 Bedrooms | $270K | $270K | 0.0% |
| 5+ Bedrooms | $330K | $262.5K | -20.5% |
Summary: 78238 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 20.5%.
Housing Supply in 78238, TX
How many homes are available in 78238, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 62 | 77 | +24.2% |
Summary: The 78238 real estate market had 77 homes for sale in March 2024, a 24.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 42 | 53 | +26.2% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 78238 housing inventory by bedroom type for March 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 26.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 15 | +87.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 78238, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 78238 in March 2024, up by 87.5% month-over-month. Of the 15 sold homes, 47% were sold under asking, 47% were sold at asking, and 7% were sold over asking.
Days on Market for 78238, TX
How long does it take to sell a home in 78238, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 84 Days | 95 Days | +13.9% |
Summary: Homes in 78238 had an average of 95 days on market in Mar 2024, up by 13.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 78238 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 15 homes were sold in 78238; 33% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2024 San Antonio Board of Realtors®. All Rights Reserved.