Is 78250, 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, 78250 has remained a Seller's Market.
Key Takeaway
78250 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 78250, TX
How much do homes in 78250, TX cost?
Median Sold Price
$259,998
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 78250 have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in 78250 was $259,998 in March 2024, down 1.9% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $88.3K | $118K | +33.6% |
| 2 Bedrooms | $195K | $183.6K | -5.8% |
| 3 Bedrooms | $256.9K | $250K | -2.7% |
| 4 Bedrooms | $310K | $291.9K | -5.8% |
| 5+ Bedrooms | $339.4K | $345K | +1.6% |
Summary: 78250 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.6%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 1.6%.
Housing Supply in 78250, TX
How many homes are available in 78250, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 181 | 195 | +7.7% |
Summary: The 78250 real estate market had 195 homes for sale in March 2024, a 7.7% 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 | 9 | 9 | 0.0% |
| 3 Bedrooms | 126 | 137 | +8.7% |
| 4 Bedrooms | 39 | 42 | +7.7% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 78250 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 8.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 33 | -15.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 78250, you may be able to get a good deal. 42.4% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 78250 in March 2024, down by 15.4% month-over-month. Of the 33 sold homes, 42% were sold under asking, 33% were sold at asking, and 24% were sold over asking.
Days on Market for 78250, TX
How long does it take to sell a home in 78250, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 74 Days | 65 Days | -11.6% |
Summary: Homes in 78250 had an average of 65 days on market in Mar 2024, down by 11.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 78250 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 33 homes were sold in 78250; 36% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 30% 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.