Is Alamo Farmsteads-Babcock Road, 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, Alamo Farmsteads-Babcock Road has remained a Seller's Market.
Key Takeaway
Alamo Farmsteads-Babcock Road is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alamo Farmsteads-Babcock Road, TX
How much do homes in Alamo Farmsteads-Babcock Road, TX cost?
Median Sold Price
$293,500
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Alamo Farmsteads-Babcock Road have sold for 7.1% less than they did a year ago.
Summary: The median home sold price in Alamo Farmsteads-Babcock Road was $293,500 in April 2024, down 7.1% 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 | - | - | N/A |
| 2 Bedrooms | $235.2K | $213.2K | -9.3% |
| 3 Bedrooms | $307K | $290K | -5.5% |
| 4 Bedrooms | $352.5K | $313K | -11.2% |
| 5+ Bedrooms | $351.5K | $355K | +1.0% |
Summary: Alamo Farmsteads-Babcock Road housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.3%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Neighborhoods
| Alamo Farmsteads-Babcock Road | $316K | $293.5K | -7.1% |
| Lincoln Green | $335K | $285K | -14.9% |
Housing Supply in Alamo Farmsteads-Babcock Road, TX
How many homes are available in Alamo Farmsteads-Babcock Road, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 35 | -2.8% |
Summary: The Alamo Farmsteads-Babcock Road real estate market had 35 homes for sale in April 2024, a 2.8% decrease 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Alamo Farmsteads-Babcock Road 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 remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Alamo Farmsteads-Babcock Road, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Alamo Farmsteads-Babcock Road in April 2024, the same as the previous month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for Alamo Farmsteads-Babcock Road, TX
How long does it take to sell a home in Alamo Farmsteads-Babcock Road, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 77 Days | 85 Days | +9.7% |
Summary: Homes in Alamo Farmsteads-Babcock Road had an average of 85 days on market in Apr 2024, up by 9.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Alamo Farmsteads-Babcock Road has remained consistent over time.
Summary: During April 2024, 8 homes were sold in Alamo Farmsteads-Babcock Road; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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.