Is Terrell Hills, 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, 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
$750,000
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Terrell Hills have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in Terrell Hills was $750,000 in May 2024, down 3.5% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $333.5K | $320K | -4.0% |
| 3 Bedrooms | $710.1K | $467.5K | -34.2% |
| 4 Bedrooms | $837.5K | $1.5M | +86.9% |
| 5+ Bedrooms | $1.3M | $1.5M | +16.7% |
Summary: Terrell Hills 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 4%, 3 bedroom homes decreased by 34.2%, 4 bedroom homes increased by 86.9%, and 5+ bedroom homes increased by 16.7%.
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 Terrell Hills, TX
How many homes are available in Terrell Hills, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 45 | +45.2% |
Summary: The Terrell Hills real estate market had 45 homes for sale in May 2024, a 45.2% 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 13 | 18 | +38.5% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Terrell Hills 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 200%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Terrell Hills, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Terrell Hills in May 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 75% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 95 Days | +144.2% |
Summary: Homes in Terrell Hills had an average of 95 days on market in May 2024, up by 144.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Terrell Hills are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 4 homes were sold in Terrell Hills; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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.