$3,444 Closing Credit*
$290,000
2,622 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jacqueline Elizalde, Listing Office: Orchard Brokerage
Is Alamo Farmsteads-Babcock Road, 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, Alamo Farmsteads-Babcock Road was a Seller's Market.
Key Takeaway
Alamo Farmsteads-Babcock Road is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Alamo Farmsteads-Babcock Road, TX
How much do homes in Alamo Farmsteads-Babcock Road, TX cost?
Median Sold Price
$289,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,250(-1.8%)
Key Takeaway
Homes in Alamo Farmsteads-Babcock Road have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Alamo Farmsteads-Babcock Road was $289,000 in October 2024, down 1.8% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $230K | $215K | -6.5% |
| 3 Bedrooms | $290.5K | $279.7K | -3.7% |
| 4 Bedrooms | $337.5K | $340K | +0.7% |
| 5+ Bedrooms | $475K | $360K | -24.2% |
Summary: Alamo Farmsteads-Babcock Road housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 24.2%.
Housing Supply in Alamo Farmsteads-Babcock Road, TX
How many homes are available in Alamo Farmsteads-Babcock Road, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 53 | +17.8% |
Summary: The Alamo Farmsteads-Babcock Road real estate market had 53 homes for sale in October 2024, a 17.8% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 27 | 29 | +7.4% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Alamo Farmsteads-Babcock Road 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 33.3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
4 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 Alamo Farmsteads-Babcock Road, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Alamo Farmsteads-Babcock Road in October 2024, down by 25.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Alamo Farmsteads-Babcock Road, TX
How long does it take to sell a home in Alamo Farmsteads-Babcock Road, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 50 Days | -11.5% |
Summary: Homes in Alamo Farmsteads-Babcock Road had an average of 50 days on market in Oct 2024, down by 11.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Alamo Farmsteads-Babcock Road are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Alamo Farmsteads-Babcock Road; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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.