$1,425 Closing Credit*
$120,000
1,250 SqFt
2 Beds
•1 Full Bath
Shalom Limon, Listing Office: Mana Realty
Is Palm Heights, 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, Palm Heights was a Seller's Market.
Key Takeaway
Palm Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Palm Heights, TX
How much do homes in Palm Heights, TX cost?
Median Sold Price
$157,250
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,250(+1.5%)
Key Takeaway
Homes in Palm Heights have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Palm Heights was $157,250 in October 2024, up 1.5% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76.5K | $140K | +83.0% |
| 2 Bedrooms | $147K | $135K | -8.2% |
| 3 Bedrooms | $180K | $213K | +18.3% |
| 4 Bedrooms | $177.5K | $162K | -8.7% |
| 5+ Bedrooms | $125K | $302.5K | +142.0% |
Summary: Palm Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 18.3%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 142%.
Median Sold Price Compared To Nearby Neighborhoods
| Palm Heights | $155K | $157.2K | +1.5% |
| Thompson | $180.5K | $182.5K | +1.1% |
| Collins Garden | $184K | $160K | -13.0% |
| Quintana | $173.5K | $150K | -13.5% |
Housing Supply in Palm Heights, TX
How many homes are available in Palm Heights, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Summary: The Palm Heights real estate market had 24 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Palm Heights 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 decreased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Palm Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Palm Heights in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Palm Heights, TX
How long does it take to sell a home in Palm Heights, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 43 Days | +24.3% |
Summary: Homes in Palm Heights had an average of 43 days on market in Oct 2024, up by 24.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palm Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Palm Heights; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.