Is 78801, 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, 78801 has remained a Seller's Market.
Key Takeaway
78801 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 78801, TX
How much do homes in 78801, TX cost?
Median Sold Price
$215,000
$135/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in 78801 has remained the same since last year.
Summary: The median home sold price in 78801 was $215,000 in April 2024, the same as last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $206.5K | $175K | -15.3% |
| 2 Bedrooms | $156.2K | $150K | -4.0% |
| 3 Bedrooms | $210K | $221.5K | +5.5% |
| 4 Bedrooms | $294.2K | $305K | +3.7% |
| 5+ Bedrooms | $349.9K | $370K | +5.7% |
Summary: 78801 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.3%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 5.7%.
Housing Supply in 78801, TX
How many homes are available in 78801, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 66 | 73 | +10.6% |
Summary: The 78801 real estate market had 73 homes for sale in April 2024, a 10.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 19 | +46.2% |
| 3 Bedrooms | 37 | 35 | -5.4% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 78801 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 increased by 46.2%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 19 | +90.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 78801, you may be able to get a good deal. 73.7% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 78801 in April 2024, up by 90.0% month-over-month. Of the 19 sold homes, 74% were sold under asking, 16% were sold at asking, and 11% were sold over asking.
Days on Market for 78801, TX
How long does it take to sell a home in 78801, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 60 Days | 83 Days | +37.2% |
Summary: Homes in 78801 had an average of 83 days on market in Apr 2024, up by 37.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 78801 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in 78801; 37% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 26% 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.