$5,819 Closing Credit*
$490,000
3,000 SqFt
6 Beds
•2 Full Baths, 2 Partial
Jose Buentello, Listing Office: eXp Realty
Is 78240, 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, 78240 was a Seller's Market.
Key Takeaway
78240 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 78240, TX
How much do homes in 78240, TX cost?
Median Sold Price
$275,312
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$6,895(-2.4%)
Key Takeaway
Homes in 78240 have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in 78240 was $275,312 in November 2024, down 2.4% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144.5K | $134.5K | -6.9% |
| 2 Bedrooms | $200K | $205K | +2.5% |
| 3 Bedrooms | $283K | $273.5K | -3.4% |
| 4 Bedrooms | $332K | $319.9K | -3.6% |
| 5+ Bedrooms | $505K | $360K | -28.7% |
Summary: 78240 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes increased by 2.5%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 28.7%.
Housing Supply in 78240, TX
How many homes are available in 78240, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 184 | 201 | +9.2% |
Summary: The 78240 real estate market had 201 homes for sale in November 2024, a 9.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 18 | 23 | +27.8% |
| 3 Bedrooms | 106 | 112 | +5.7% |
| 4 Bedrooms | 55 | 58 | +5.5% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 78240 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 22 | -29.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 78240, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 78240 in November 2024, down by 29.0% month-over-month. Of the 22 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.
Days on Market for 78240, TX
How long does it take to sell a home in 78240, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 58 Days | -4.4% |
Summary: Homes in 78240 had an average of 58 days on market in Nov 2024, down by 4.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 78240 has remained consistent over time.
Summary: During November 2024, 22 homes were sold in 78240; 32% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 23% 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.