Today we’re taking a look at the real estate market in 78232 – we’ve already hit quite a few zip codes and we’ll be continuing through this series for awhile. As always, if there’s a specific zip code you’d like to see, let us know.
As we break down the statistics for 78232, we always like to remind our readers that all the stats and numbers mean nothing without the details of the home that you’re trying to buy or sell. You can take two houses of similar style and size on the same street and find two different values. Why? Because there are more factors that just statistics.
Which way does the homes face? Has it been remodeled? Is it configured differently? Did they add a pool? Have they taken care of the home? Does it show well? All these factors (and many more) go into pricing a home – a skill that is both science and art.
The 78232 Zip Code
We took a look at this zip code not too long ago from a homes for sale in 78232 perspective and talked a little bit about the zip code – 78232 encompasses parts of San Antonio, Hill Country Village, and Hollywood Park. Roughly bisected by US 281, it’s northern boundary roughly follows along Loop 1604, Jones Maltsberger Road to the east, and Bitters Road and Blanco Road to the west. You can check Google Maps for a good birds-eye view. The 78232 zip code has over 16,000 homes in it spread out over roughly 12 square miles.
Note: These statistics are based off of data from the San Antonio Board of Realtors and Realtors Property Resource. They were pulled on August 23, 2024.
How’s The Real Estate Market 78232?
The Months Supply of Inventory is currently at 5.4, indicating a balanced market where supply and demand are fairly matched. However, the 12-Month Change in Months of Inventory has increased by a significant +182.72% (below), suggesting a shift towards a buyer’s market with more inventory available.
This upward shift in inventory has been seen in other zip codes like 78249, 78259, 78258, and 78260, but none have been quite as dramatic as the +182.7% seen here in 78232.
Despite this increase in inventory, homes are still selling relatively quickly, with a median of 28 days on the market. This quick turnaround time may be attributed to the high List to Sold Price Percentage of 98.1%, indicating that homes are selling close to their asking price.
The Median Sold Price of $414,900 provides some insight into the overall market value of homes in the area. This can help you gauge whether the current market conditions align with your budget and expectations.
Get More Real Estate Market 78232 Info
What Does It All Mean
While there has been a notable increase in inventory over the past year, the market remains competitive with homes selling quickly and at a high percentage of their asking price. With Hollywood Park and Hill Country Village being part of the 78232 zip code, these homes will always be in demand as there are many large lots and the location inside Loop 1604 is very convenient (especially for quick and easy access to US 281 for commutes).
Homes For Sale In 78232
You can search the homes for sale in 78232 here or use our map search. See one you like? Connect with an agent and set up a showing today!
