Is Olmos Park, 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, Olmos Park has remained a Seller's Market.
Housing Prices in Olmos Park, TX
How much do homes in Olmos Park, TX cost?
Median Sold Price
$792,500
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Olmos Park was $792,500 in March 2024, up 18.3% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $136.2K | $167K | +22.6% |
2 Bedrooms | $402.2K | $400K | -0.6% |
3 Bedrooms | $715K | $767.5K | +7.3% |
4 Bedrooms | $1.2M | $722.3K | -42.2% |
5+ Bedrooms | $369.9K | $1.9M | +415.0% |
Summary: Olmos Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.6%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 42.2%, and 5+ bedroom homes increased by 415%.
Median Sold Price Compared To Nearby Cities
Olmos Park | $670K | $792.5K | +18.3% |
San Antonio | $284K | $294.9K | +3.9% |
San Antonio Central | $229.9K | $226.9K | -1.3% |
Housing Supply in Olmos Park, TX
How many homes are available in Olmos Park, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 29 | +3.6% |
Summary: The Olmos Park real estate market had 29 homes for sale in March 2024, a 3.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 14 | 13 | -7.1% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Olmos Park 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Olmos Park in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Olmos Park, TX
How long does it take to sell a home in Olmos Park, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 95 Days | +87.9% |
Summary: Homes in Olmos Park had an average of 95 days on market in Mar 2024, up by 87.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Olmos Park; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.