Is 78238, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 78238 was a Seller's Market.
Key Takeaway
78238 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 78238, TX
How much do homes in 78238, TX cost?
Median Sold Price
$255,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 78238 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 78238 was $255,000 in May 2024, up 2% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $266K | $239.9K | -9.8% |
| 3 Bedrooms | $246.8K | $245K | -0.7% |
| 4 Bedrooms | $255K | $270K | +5.9% |
| 5+ Bedrooms | $260.3K | $262.5K | +0.8% |
Summary: 78238 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.8%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 0.8%.
Housing Supply in 78238, TX
How many homes are available in 78238, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 74 | +19.4% |
Summary: The 78238 real estate market had 74 homes for sale in May 2024, a 19.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 44 | 49 | +11.4% |
| 4 Bedrooms | 14 | 21 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 78238 housing inventory by bedroom type for May 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 11.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 78238, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 78238 in May 2024, down by 21.4% month-over-month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for 78238, TX
How long does it take to sell a home in 78238, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 34 Days | -6.8% |
Summary: Homes in 78238 had an average of 34 days on market in May 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 78238 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in 78238; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% 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.