$2,126 Closing Credit*
$179,000
996 SqFt
3 Beds
•1 Full Bath
Gary Bisha, Listing Office: My Castle Realty
Is 78016, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 78016 was a Neutral Market.
Key Takeaway
78016 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 78016, TX
How much do homes in 78016, TX cost?
Median Sold Price
$265,750
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,250(+11.9%)
Key Takeaway
Homes in 78016 have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in 78016 was $265,750 in November 2024, up 11.9% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $20K | -91.5% |
| 2 Bedrooms | $155K | $233K | +50.3% |
| 3 Bedrooms | $226.2K | $249K | +10.1% |
| 4 Bedrooms | $355K | $299.9K | -15.5% |
| 5+ Bedrooms | $625K | $542K | -13.3% |
Summary: 78016 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 91.5%, 2 bedroom homes increased by 50.3%, 3 bedroom homes increased by 10.1%, 4 bedroom homes decreased by 15.5%, and 5+ bedroom homes decreased by 13.3%.
Median Sold Price Compared To Nearby Zip Codes
| 78016 | $237.5K | $265.7K | +11.9% |
| 78059 | $441.2K | $380K | -13.9% |
Housing Supply in 78016, TX
How many homes are available in 78016, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 52 | +4.0% |
Summary: The 78016 real estate market had 52 homes for sale in November 2024, a 4.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 29 | 29 | 0.0% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 78016 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 78016, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 78016 in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 78016, TX
How long does it take to sell a home in 78016, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 195 Days | +319.2% |
Summary: Homes in 78016 had an average of 195 days on market in Nov 2024, up by 319.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 78016 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in 78016; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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. 
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.