With the positive feedback we’ve received on our recent analyses of zip codes 78258 and 78260, we thought we’d take a look at the real estate market in 78259 today. But remember, real estate is about more than just numbers – many factors can play into the eventual list or sales price of a home. Consider the numbers and statistics as the fundamentals and other factors like market trends, visual appeal, specific location, current interest rates and economics, etc. to be the finesse of determining prices for homes.
The 78259 Zip Code
The 78259 zip is roughly bound by US 281 to the west, Bulverde Road and Evans Road to the north (with am extra outcropping to take in the JW Marriott), a winding zig zag along the western side of Evans Road to the east, and Loop 1604 to the south. This is definitely not a neat, clean square shaped zip code as you can see by taking a look at “78259” on Google Maps.
Major neighborhoods in the zip code include the various communities that make up the Encino Park area, Roseheart, Emerald Forest, Redland Woods, and Summit at Bulverde Creek.
Note: These statistics are based off of data from the San Antonio Board of Realtors and Realtors Property Resource. They were pull on August 7, 2024.
How’s The Real Estate Market 78259?
The real estate market is currently experiencing a healthy balance between supply and demand, with a months supply of inventory at 3.9. This metric indicates that at the current rate of sales, it would take approximately 3.9 months to sell all the homes on the market.
The 12-month change in months of inventory has increased by +27.45%, suggesting a slight trend towards a more balanced market compared to the previous year. This could potentially lead to more negotiating power for buyers as inventory levels rise.
Homes are selling relatively quickly, with a median of 26 days on the market before being sold. This indicates a strong demand for homes in the area and a competitive market for sellers.
The list to sold price percentage is 98.8%, showing that sellers are typically able to sell their homes at a price close to their asking price. This could be due to the high demand for homes in the area and the limited inventory available.
The median sold price in the market is $435,000, indicating a healthy market with strong property values. Buyers can expect to find homes that are priced fairly and sellers can expect to receive a good return on their investment.
Get More Real Estate Market 78259 Info
What Does It All Mean
The current real estate market presents opportunities for both buyers and sellers. Buyers can benefit from a competitive market with a good selection of homes, while sellers can take advantage of strong demand and favorable selling conditions.
Pricing a home isn’t as simple as just adding up a few numbers of course, but these numbers help paint a picture of the overall market and how it affects the price of your home. If you want to dig deeper, we recommend you talk to a local Realtor and get a full comparative market analysis of your home based on current market conditions.
You can also submit your information through our home valuation page and one of our agents will get back to you to discuss your home and what it could potentially sell for in today’s market. It’s free and just take a few minutes of your time to give us some information to work with.
Homes For Sale In 78259
If you’re looking for homes for sale in 78259, this is the place to find them. This list is constantly refreshed, so you will always see the latest homes on the market. See one you like and want to take a look? Connect with an agent or send us a message and we’ll have a Kimberly Howell Properties agent call you back to get things set up.
