Let’s head over to the northwest side of town and take a look at the real estate market in 78250. You’ve been sending us such great responses to our look at various real estate markets around town and we’re enjoying doing them for you. Keep sending the requests for zip codes and we’ll keep making them!
Don’t forget – all these numbers are great, but there is much more to pricing homes and selling them than just the numbers. Two homes on the same street with the same floorplan can easily be priced differently – maybe one has better upgrades, maybe one backs to the road, maybe one has a really bad neighbor and no HOA to make them clean up the cars parked in the front yard – so many things can affect the pricing of your home. That’s where we come in.
The 78250 Zip Code
Located on the northwest side of San Antonio, 78250 runs along Bandera Road inside Loop 1604. with little bits on either side of the road included. The it shoots across Guilbeau Road (and New Guilbeau Road) toward 1604 and back down and around along Culebra. The area is roughly 9.61 square miles with over 19,000 homes. Much of the area was built between the 70s and 2000s with a high concentration of homes built in the 80s.
Popular neighborhoods in 78250 include Northwest Crossing, Great Northwest, and Tezel Heights.
You can get a good feel for the zip code by taking a look at it on Google Maps.
Note: These statistics are based off of data from the San Antonio Board of Realtors and Realtors Property Resource. They were pulled on September 5, 2024.
How’s The Real Estate Market 78250?
The Months Supply of Inventory is 3.94, indicating a shift toward a seller’s market. A balanced market (where neither buyers or sellers have an advantage) is usually achieved around 5-7 months of inventory. A lower number typically suggests a seller’s market, while a higher number indicates a buyer’s market.
Months Supply of Inventory is the amount of time it would take to sell all of the house currently on the market. Sometimes this number doesn’t make sense to some people.
Think of it this way, the larger our supply (which would be indicated by it taking more months to sell off all of the inventory), the better it is for buyers – more choice and often lower prices. This would be called a buyer’s market because they have the advantage.
A seller’s market on the other hand, occurs when supply is low, meaning that there are more buyers for less houses – so the sellers can command higher prices and set more favorable terms for themselves.
The Median Days Homes are On the Market is 17, which is quite surprising in our current market – this means that homes are selling faster than in other areas of town. This could be because this area is popular with investors turning the home into rentals, which although good for the moment, leads to an eventual situation where there are more rentals available than homes for sale.
Homes is the area are also considered more affordable than in other areas, so that plays into it as well. The Median Sold Price is $252,500, giving buyers a benchmark for the average price of homes in the market – much less than the Median Sold Price of 78232 (which was $414,900 when we did the post) or 78257 ($898,000) back at the end of August.
The List to Sold Price Percentage is 99.3%, meaning that properties are generally selling very close to their listed price. We have found these numbers to be a little misleading recently. In our current market, we are seeing a lot of price drops, so while homes maybe selling at 99.3% of their list price, they are often selling well under when compared to their original list price (OLP).
In the chart below, you can also see that this is down quite a bit from the peaks in 2021 and 2022, when homes were selling for more than 100% of their list price.
Get More Real Estate Market 78250 Info
What Does It All Mean
In the 78250 zip code, there is a slant toward sellers at the moment with buyers picking up homes quickly and for close to asking price. We do think the numbers are a bit skewed because of the flurry of price drops we are seeing (meaning homes are selling at a lower percentage when compared against the original list price). But, this area remains a stronghold for investors looking to pick up rentals, so the market will most likely remain relatively strong as long as prices remain low.
Homes For Sale In 78250
You can search the homes for sale in 78250 here or use our map search. See one you like? Connect with an agent and set up a showing today!
