Is Alamo Heights, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Alamo Heights has remained a Seller's Market.
Key Takeaway
Alamo Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alamo Heights, TX
How much do homes in Alamo Heights, TX cost?
Median Sold Price
$700,500
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Alamo Heights have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Alamo Heights was $700,500 in May 2024, up 3.1% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $507.5K | - | N/A |
| 2 Bedrooms | $452.5K | $484K | +7.0% |
| 3 Bedrooms | $685K | $685K | 0.0% |
| 4 Bedrooms | $950K | $912.5K | -3.9% |
| 5+ Bedrooms | $872K | $1.3M | +59.6% |
Summary: Alamo Heights 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 increased by 7%, 3 bedroom homes did not change, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 59.6%.
Median Sold Price Compared To Nearby Cities
| Alamo Heights | $679.5K | $700.5K | +3.1% |
| San Antonio Central | $220.7K | $227.6K | +3.1% |
| San Antonio | $299.9K | $295K | -1.6% |
| Terrell Hills | $777K | $750K | -3.5% |
Housing Supply in Alamo Heights, TX
How many homes are available in Alamo Heights, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 51 | +8.5% |
Summary: The Alamo Heights real estate market had 51 homes for sale in May 2024, a 8.5% 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 | 8 | 9 | +12.5% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Alamo Heights 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 increased by 12.5%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alamo Heights, 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 Alamo Heights in May 2024, down by 15.4% month-over-month. Of the 11 sold homes, 73% were sold under asking, 27% were sold at asking, and 0% were sold over asking.
Days on Market for Alamo Heights, TX
How long does it take to sell a home in Alamo Heights, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 74 Days | 57 Days | -23.2% |
Summary: Homes in Alamo Heights had an average of 57 days on market in May 2024, down by 23.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alamo Heights are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Alamo Heights; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% 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.