$5,617 Closing Credit*
$472,990
2,295 SqFt
4 Beds
•3 Full Baths
Patrick McGrath, Listing Office: Meritage Homes Realty
Is 78247, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 78247 was a Seller's Market.
Key Takeaway
78247 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 78247, TX
How much do homes in 78247, TX cost?
Median Sold Price
$299,674
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$419(-0.1%)
Key Takeaway
The sold price of homes in 78247 has remained the same since last year.
Summary: The median home sold price in 78247 was $299,674 in October 2024, down 0.1% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $155K | -11.4% |
| 2 Bedrooms | $214.4K | $214.5K | 0.0% |
| 3 Bedrooms | $288.7K | $280K | -3.0% |
| 4 Bedrooms | $340K | $339.5K | -0.1% |
| 5+ Bedrooms | $412.5K | $399K | -3.3% |
Summary: 78247 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.4%, 2 bedroom homes did not change, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 3.3%.
Housing Supply in 78247, TX
How many homes are available in 78247, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 247 | 269 | +8.9% |
Summary: The 78247 real estate market had 269 homes for sale in October 2024, a 8.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 152 | 173 | +13.8% |
| 4 Bedrooms | 78 | 72 | -7.7% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The 78247 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 36 | -18.2% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 78247, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in 78247 in October 2024, down by 18.2% month-over-month. Of the 36 sold homes, 61% were sold under asking, 28% were sold at asking, and 11% were sold over asking.
Days on Market for 78247, TX
How long does it take to sell a home in 78247, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 74 Days | +48.0% |
Summary: Homes in 78247 had an average of 74 days on market in Oct 2024, up by 48% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 78247 has remained consistent over time.
Summary: During October 2024, 36 homes were sold in 78247; 28% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 31% 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”. 
Data provided by the Central Texas MLS IDX program. Information deemed reliable but not guaranteed. Some properties which appear for sale may no longer be available due to no longer being offered for sale. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2024 Central Texas MLS, All Rights Reserved.
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.