$4,156 Closing Credit*
$350,000
2,773 SqFt
Danette Wagnon, Listing Office: LPT Realty, LLC
Is 78207, 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, 78207 was a Seller's Market.
Key Takeaway
78207 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 78207, TX
How much do homes in 78207, TX cost?
Median Sold Price
$155,500
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$4,500(-2.8%)
Key Takeaway
Homes in 78207 have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in 78207 was $155,500 in November 2024, down 2.8% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $72K | $65K | -9.7% |
| 2 Bedrooms | $99.5K | $88.4K | -11.1% |
| 3 Bedrooms | $180K | $182.5K | +1.4% |
| 4 Bedrooms | $270K | $228.2K | -15.5% |
| 5+ Bedrooms | $328.9K | $205K | -37.7% |
Summary: 78207 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 15.5%, and 5+ bedroom homes decreased by 37.7%.
Housing Supply in 78207, TX
How many homes are available in 78207, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 124 | 125 | +0.8% |
Summary: The 78207 real estate market had 125 homes for sale in November 2024, a 0.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 36 | 36 | 0.0% |
| 3 Bedrooms | 57 | 60 | +5.3% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 78207 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 78207, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 78207 in November 2024, down by 11.1% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for 78207, TX
How long does it take to sell a home in 78207, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 72 Days | 74 Days | +3.9% |
Summary: Homes in 78207 had an average of 74 days on market in Nov 2024, up by 3.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 78207 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 8 homes were sold in 78207; 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.