78216 Housing Market Report January 2025•Bexar County, Texas

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Housing Prices in 78216, TX

How much do homes in 78216, TX cost?

Housing Market Conditions

Is 78216, TX a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

78216 is a Buyer's Market

Difference Since January 2024

At the same time last year, 78216 was a Seller's Market.

Insight

78216 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$285,625$176/SqFt
-$50,043
-14.9%

Based on all homes sold in the last 12 months

Insight

Homes in 78216 have sold for 14.9% less than they did a year ago.

Summary: The median home sold price in 78216 was $285,625 in January 2025, down 14.9% from last year, and the median price per square foot was $176.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
78231
+11.7%
78248
+1.0%
78232
-4.2%
78213
-6.0%
78216
-14.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$128.2K$119.5K
-6.8%
2$185K$162.7K
-12.1%
3$314K$285.1K
-9.2%
4$425K$407.5K
-4.1%
5$519K$435K
-16.2%

Summary: 78216 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -6.8%. The home price for 2 bedroom homes decreased by -12.1%. The home price for 3 bedroom homes decreased by -9.2%. The home price for 4 bedroom homes decreased by -4.1%. The home price for 5 bedroom homes decreased by -16.2%.

Housing supply in 78216, TX

How many homes are available in 78216, TX?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
140Last MonthJan 2025
1312 months agoDec 2024
+6.9 %
Change MoMDec – Jan

Summary: The 78216 real estate market had 140 homes for sale in Jan 2025, a 6.9 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
20Last MonthJan 2025
222 months agoDec 2024
-9.1 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
11212
0.0%
21415
+7.1%
34250
+19.0%
44950
+2.0%
51413
-7.1%

Summary: 78216 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +7.1%. The inventory for 3 bedroom homes increased by +19.0%. The inventory for 4 bedroom homes increased by +2.0%. The inventory for 5 bedroom homes decreased by -7.1%.

Asking Price vs. Sold Price

How much do homes in 78216, TX cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price4 Homes

Under Asking Price14 Homes

Insight

If you're buying a home in 78216, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 78216 in January 2025, down by 9.1% month-over-month. Of the 20 sold homes, 70% were sold under asking, 20% were sold at asking, and and 10% were sold over asking.

Days on Market for 78216, TX

How long does it take to sell a home in 78216, TX?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days7 Homes

Over 90 Days9 Homes

Insight

Most homes in 78216 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2025, 20 homes were sold in 78216; 20% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
89 DaysThis YearJan 2025
50 Days1 year agoJan 2024
+76.2 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in 78216 had an average listing age of 89 days in Jan 2025, up by 76.2% compared to the previous year.

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Newest Listings in 78216, TX

What homes are available in 78216, TX?

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MLS Disclaimers and Copyright

Based on information from San Antonio Board of REALTORS MLS, and Unlock MLS for the period 02/01/2023 - 02/01/2025

IDXDisclaimer: 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. © 2025 San Antonio Board of Realtors®. All Rights Reserved.

The information on this web site is provided exclusively 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. Properties subject to prior sale, change, withdrawal or rental. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 2/25/2025, 6:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.

Copyright 2025 Unlock MLS and Austin Central Texas Realty Information Services, Inc.

IDX Listings courtesy of Unlock MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 2/25/2025, 6:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.