Today, we’ll take a look at the real estate market in 78257, but just in case you missed our other posts, we’ve been covering some of the most popular zip codes and breaking down the real estate market in each of them. Check out of market analysis of zip codes 78260, 78258, 78259, and 78249. Not seeing the zip code you want yet? Email us and let us know. We’ll be happy to write it up and talk about your area of town. We’ll continue posting them throughout the next few months, so keep coming back for more.
The 78257 Zip Code
The 78257 zip code is probably best known for it’s largest neighborhood, The Dominion. The zip code winds it’s way up IH 10 on it’s western edge, crossing over and back several times, at it’s northern boundary, it stop just short of Ralph Fair Road and cuts across and goes deeper into Camp Bullis, and finally back down to Loop 1604 just east of NW Military highway as it zig zags it’s way across it’s southern boundary heading back to IH 10. Both The Rim and Six Flags Fiesta Texas are located in 78257.
The area of this zip code is quite large, taking up 38.92 square miles – however, despite it’s larger land mass, 78258 has about 1/10 of the housing that a zip code like 78249 has. This is because of the large area occupied by the military base at Camp Bullis.
Note: The following statistics are based off of data from the San Antonio Board of Realtors and Realtors Property Resource. They were pulled on August 18, 2024.
How’s The Real Estate Market 78257?
First, the Months Supply of Inventory is 5.3. What does that mean in plain English? This is the number of months it would take to sell all the current listings on the market at the current pace of sales if no new houses were built or put on the market.. A lower number typically signifies a seller’s market, where demand exceeds supply.
Four to six months is typically considered a balanced market, where both buyers and sellers have an equal advantage in the market (where supply of homes meets the demand of buyers).
The 12-Month Change in Months of Inventory is -3.28%, showing a decrease in the amount of time it would take to sell all the listings compared to the previous year. This suggests that the market is becoming more competitive for buyers, potentially leading to quicker sales and higher prices.
The Median Days Homes are On the Market is 13, indicating that homes are selling relatively quickly in this market. This could be due to high demand, competitive pricing, or attractive properties.
As you can see in the above graph, the number of days on market has been quite volatile in this zip code and can vary widely in a short period.
The List to Sold Price Percentage is 96.5%, meaning that homes are typically selling for 96.5% of their listing price. This suggests that sellers are pricing their homes accurately and buyers are willing to pay close to the asking price.
This statistic has remained relatively stable (all markets have some ups and down, so a graph like this is actually pretty steady), but is has come down a bit over the past two years and started to fluctuate more than usual. This will definitely be a statistic to watch over the next six months or so.
Lastly, the Median Sold Price is $898,000, reflecting the midpoint of all the home prices sold in this market. This can give sellers an idea of what similar properties are selling for and help them set a competitive price for their own home.
This chart of the median sold price is a great example of how the market can fluctuate month to month, but overall, the trend is still upward. Buyers always want to buy at the bottom and sellers always want to sell at the peak – trying to time that is a tough game to play, which is why we always recommend to buy when you are ready to buy.
Get More Real Estate Market 78257 Info
What Does It All Mean
Because the 78257 zip code contains one of San Antonio’s most popular and well known neighborhoods, The Dominion, we don’t see the market showing any large scale shifts in the near future. Homes in this area continue to be in high demand and there are still a few pockets left where you can buy a new custom home in The Dominion too.
As much of 78257 is occupied by The Dominion, the prices will continue to be high in this area and as some of these homes begin to push their age and need updating and renovations, you will probably see a few bargains on occasion, but mostly homes will be redone before hitting the market.
Homes For Sale In 78257
Thinking about buying a home in 78257? Check out the homes available in the list below. This list is regularly updated, so bookmark this page and come back until you find the perfect house – then connect with one of the agents of Kimberly Howell Properties and we’ll help you navigate the purchase process.
