Is 78240, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 78240 has remained a Seller's Market.
Key Takeaway
78240 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 78240, TX
How much do homes in 78240, TX cost?
Median Sold Price
$283,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 78240 have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in 78240 was $283,000 in April 2024, up 1.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139.9K | $139K | -0.7% |
| 2 Bedrooms | $216K | $190K | -12.0% |
| 3 Bedrooms | $279.9K | $282.5K | +0.9% |
| 4 Bedrooms | $320.5K | $325K | +1.4% |
| 5+ Bedrooms | $368K | $403K | +9.5% |
Summary: 78240 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 9.5%.
Housing Supply in 78240, TX
How many homes are available in 78240, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 150 | 156 | +4.0% |
Summary: The 78240 real estate market had 156 homes for sale in April 2024, a 4.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 96 | 103 | +7.3% |
| 4 Bedrooms | 34 | 34 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 78240 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 38 | +22.6% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 78240, you may be able to get a good deal. 65.8% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in 78240 in April 2024, up by 22.6% month-over-month. Of the 38 sold homes, 66% were sold under asking, 16% were sold at asking, and 18% were sold over asking.
Days on Market for 78240, TX
How long does it take to sell a home in 78240, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 72 Days | 64 Days | -11.3% |
Summary: Homes in 78240 had an average of 64 days on market in Apr 2024, down by 11.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 78240 has remained consistent over time.
Summary: During April 2024, 38 homes were sold in 78240; 37% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 24% 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.