Is Terrell Hills, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Terrell Hills is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Terrell Hills was a Seller's Market.

Key Takeaway

Terrell Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Terrell Hills, TX

How much do homes in Terrell Hills, TX cost?

Median Sold Price

$741,212

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$67,788(-8.4%)

Key Takeaway

Homes in Terrell Hills have sold for 8.4% less than they did a year ago.

Summary: The median home sold price in Terrell Hills was $741,212 in February 2024, down 8.4% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $349.5K$390K
+11.6%
3 $653.6K$475K
-27.3%
4 $970.5K$1.0M
+6.5%
5+ $1.4M$1.6M
+20.4%

Summary: Terrell Hills housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.6%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 20.4%.

Median Sold Price Compared To Nearby Cities

Alamo Heights
+7.2%
San Antonio
+5.3%
San Antonio Central
-2.1%
Terrell Hills
-8.4%

Housing Supply in Terrell Hills, TX

How many homes are available in Terrell Hills, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2633+26.9%

Summary: The Terrell Hills real estate market had 33 homes for sale in February 2024, a 26.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1118
+63.6%
4 65
-16.7%
5+ 66
0.0%

Summary: The Terrell Hills housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 63.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Terrell Hills, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Terrell Hills in February 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Terrell Hills, TX

How long does it take to sell a home in Terrell Hills, TX?

Average Sale Time

Feb 2023Feb 2024CHANGE
43 Days88 Days+101.5%

Summary: Homes in Terrell Hills had an average of 88 days on market in Feb 2024, up by 101.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Terrell Hills has remained consistent over time.

Summary: During February 2024, 3 homes were sold in Terrell Hills; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Terrell Hills, TX

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