$2,434 Closing Credit*
$205,000
1,021 SqFt
2 Beds
•1 Full Bath
Stephen Long, Listing Office: Long Properties
Is 78016, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 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
$238,250
$155/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$23,750(-9.1%)
Key Takeaway
Homes in 78016 have sold for 9.1% less than they did a month ago.
Summary: The median home sold price in 78016 was $238,250 in October 2024, down 9.1% from last month, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $20K | - | N/A |
| 2 Bedrooms | $310K | - | N/A |
| 3 Bedrooms | $271.5K | $151.2K | -44.3% |
| 4 Bedrooms | $262K | $352.2K | +34.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: 78016 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 44.3%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes did not change.
Housing Supply in 78016, TX
How many homes are available in 78016, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 52 | -8.8% |
Summary: The 78016 real estate market had 52 homes for sale in October 2024, a 8.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 31 | 29 | -6.5% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 78016 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 78016, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 78016 in October 2024, down by 55.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 128 Days | 231 Days | +79.9% |
Summary: Homes in 78016 had an average of 231 days on market in Oct 2024, up by 79.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 4 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.