Is Palm Heights, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Palm Heights was a Seller's Market.
Key Takeaway
Palm Heights is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Palm Heights, TX
How much do homes in Palm Heights, TX cost?
Median Sold Price
$160,000
$141/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 Palm Heights has remained the same since last year.
Summary: The median home sold price in Palm Heights was $160,000 in April 2024, the same as last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | - | N/A |
| 2 Bedrooms | $142.5K | $130K | -8.8% |
| 3 Bedrooms | $199.5K | $199K | -0.3% |
| 4 Bedrooms | $227.5K | $166K | -27.0% |
| 5+ Bedrooms | $132.5K | - | N/A |
Summary: Palm Heights 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 8.8%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 27%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Thompson | $192K | $195K | +1.6% |
| Palm Heights | $160K | $160K | 0.0% |
| Collins Garden | $187.5K | $182K | -2.9% |
| Quintana | $185K | $155K | -16.2% |
Housing Supply in Palm Heights, TX
How many homes are available in Palm Heights, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Summary: The Palm Heights real estate market had 31 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Palm Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 30%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Palm Heights, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Palm Heights in April 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Palm Heights, TX
How long does it take to sell a home in Palm Heights, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 51 Days | +86.2% |
Summary: Homes in Palm Heights had an average of 51 days on market in Apr 2024, up by 86.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Palm Heights are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Palm Heights; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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.