Whether you’re a home buyer or seller, it is important to understand the correlation between key metrics to make informed decisions when buying or selling a property. Today, we’ll focus on the real estate market in 78260.
The 78260 Zip Code
The 78260 zip code lies just beyond Stone Oak, in northern San Antonio encompassing Timberwood Park, Silverado Hills, Canyon Springs, and other neighborhoods roughly bound by US 281 to the east, Wilderness Oak to the south, parts of Camp Bullis to the west, and Specht Road to the north. You can see the boundaries of the zip code by searching for “78260” 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 July 30, 2024.
How’s The Real Estate Market 78260?
The Months Supply of Inventory is a critical indicator of the balance between supply and demand in the market. A lower number typically indicates a seller’s market, while a higher number signifies a buyer’s market. With a Months Supply of Inventory at 4.65, we are currently in a balanced market where both buyers and sellers have opportunities.
The 12-Month Change in Months of Inventory of +27.75% shows an increase in inventory over the past year. This could indicate a shift towards a buyer’s market, giving buyers more options and potentially leading to more competitive pricing.
The Median Days Homes are On the Market at 29 days suggests that properties are selling relatively quickly in this market. This could be due to a combination of factors such as pricing, location, and demand.
The List to Sold Price Percentage at 97.7% indicates that homes are typically selling close to their list price. This could be a sign of a healthy market where sellers are pricing their properties accurately and buyers are willing to pay the asking price.
Finally, the Median Sold Price of $550,000 gives us an idea of the average price point in this market. Buyers and sellers can use this information to gauge the value of properties and make informed decisions.
Get More Real Estate Market 78260 Info
What Does It All Mean
Overall, these metrics paint a picture of a balanced real estate market with opportunities for both buyers and sellers. It is important to consider all of these factors when navigating the real estate market to ensure a successful transaction.
It’s important to remember that many factors go into determining a home’s price and the final sales price. It’s a bit of science and a bit of art. Your agent can help show you what your home is worth…and more importantly, why it is worth that.
Homes For Sale In 78260
The following list of homes for sale in San Antonio 78260 represents the most recent homes on the market, but is not a full list. To search all of the homes for sale, please use our full-featured home search. The agents at Kimberly Howell Properties can show you any of these homes and many more, so contact us to set up your next viewing.
