$8,301 Closing Credit*
$699,000
4,330 SqFt
5 Beds
•3 Full Baths, 1 Partial
Debbie Maltz, Listing Office: Kuper Sotheby's Int'l Realty
Is 78248, 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, 78248 was a Seller's Market.
Key Takeaway
78248 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 78248, TX
How much do homes in 78248, TX cost?
Median Sold Price
$515,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+3.0%)
Key Takeaway
Homes in 78248 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 78248 was $515,000 in November 2024, up 3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156.2K | - | N/A |
| 2 Bedrooms | $275K | $233K | -15.3% |
| 3 Bedrooms | $444.9K | $451.7K | +1.5% |
| 4 Bedrooms | $591.4K | $559.8K | -5.3% |
| 5+ Bedrooms | $875K | $715.2K | -18.3% |
Summary: 78248 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 18.3%.
Housing Supply in 78248, TX
How many homes are available in 78248, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 | 68 | -5.6% |
Summary: The 78248 real estate market had 68 homes for sale in November 2024, a 5.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 24 | 23 | -4.2% |
| 4 Bedrooms | 35 | 31 | -11.4% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The 78248 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 decreased by 33.3%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 5 | -75.0% |
Asking Price vs. Sold Price
4 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 78248, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 78248 in November 2024, down by 75.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for 78248, TX
How long does it take to sell a home in 78248, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 56 Days | +81.9% |
Summary: Homes in 78248 had an average of 56 days on market in Nov 2024, up by 81.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 78248 has remained consistent over time.
Summary: During November 2024, 5 homes were sold in 78248; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% 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. 
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.