Is Terrell Hills, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Terrell Hills was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $349.5K | $390K | +11.6% |
3 Bedrooms | $653.6K | $475K | -27.3% |
4 Bedrooms | $970.5K | $1.0M | +6.5% |
5+ Bedrooms | $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 | $626.7K | $672K | +7.2% |
San Antonio | $280.2K | $295K | +5.3% |
San Antonio Central | $230.1K | $225.2K | -2.1% |
Terrell Hills | $809K | $741.2K | -8.4% |
Housing Supply in Terrell Hills, TX
How many homes are available in Terrell Hills, TX?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
26 | 33 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 11 | 18 | +63.6% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 6 | 6 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
1 | 3 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
43 Days | 88 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
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.