$550,000
0.28 Acres
Land
Phyllis Browning, Listing Office: Phyllis Browning Company
Is Terrell Hills, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Terrell Hills has remained a Seller's Market.
Key Takeaway
Terrell Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Terrell Hills, TX
How much do homes in Terrell Hills, TX cost?
Median Sold Price
$603,499
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$193,125(-24.2%)
Key Takeaway
Homes in Terrell Hills have sold for 24.2% less than they did a year ago.
Summary: The median home sold price in Terrell Hills was $603,499 in October 2024, down 24.2% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $490K | $290K | -40.8% |
| 3 Bedrooms | $550K | $507.5K | -7.7% |
| 4 Bedrooms | $984.5K | $975K | -1.0% |
| 5+ Bedrooms | $1.6M | $1.4M | -13.2% |
Summary: Terrell Hills 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 40.8%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 13.2%.
Median Sold Price Compared To Nearby Cities
| Alamo Heights | $675K | $701K | +3.9% |
| San Antonio Central | $222.9K | $225.3K | +1.1% |
| San Antonio | $297.3K | $294.8K | -0.8% |
| Terrell Hills | $796.6K | $603.4K | -24.2% |
Housing Supply in Terrell Hills, TX
How many homes are available in Terrell Hills, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 40 | +11.1% |
Summary: The Terrell Hills real estate market had 40 homes for sale in October 2024, a 11.1% 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 | 4 | 2 | -50.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Terrell Hills 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 20%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
6 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 Terrell Hills, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Terrell Hills in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Terrell Hills, TX
How long does it take to sell a home in Terrell Hills, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 77 Days | 154 Days | +98.2% |
Summary: Homes in Terrell Hills had an average of 154 days on market in Oct 2024, up by 98.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Terrell Hills are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 7 homes were sold in Terrell Hills; 14% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 71% 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.