Is San Antonio, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Antonio is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, San Antonio was a Seller's Market.

Key Takeaway

San Antonio is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in San Antonio, TX

How much do homes in San Antonio, TX cost?

Median Sold Price

$295,046

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$14,798(+5.3%)

Key Takeaway

Homes in San Antonio have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in San Antonio was $295,046 in February 2024, up 5.3% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $128.2K$136.3K
+6.3%
2 $184.9K$191.2K
+3.4%
3 $264.9K$267.3K
+0.9%
4 $339.6K$349.8K
+3.0%
5+ $460.6K$449.9K
-2.3%

Summary: San Antonio housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 2.3%.

Median Sold Price Compared To Nearby Cities

Olmos Park
+17.2%
San Antonio
+5.3%
San Antonio Central
-2.1%
Castle Hills
-3.4%

Housing Supply in San Antonio, TX

How many homes are available in San Antonio, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7,0777,991+12.9%

Summary: The San Antonio real estate market had 7,991 homes for sale in February 2024, a 12.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 114120
+5.3%
2 588711
+20.9%
3 3,5474,008
+13.0%
4 2,3212,599
+12.0%
5+ 507553
+9.1%

Summary: The San Antonio housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
9601,042+8.5%

Asking Price vs. Sold Price

622 Homes Were Sold
Under Asking

281 Homes Were Sold
At Asking

139 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Antonio, you may be able to get a good deal. 59.7% of homes here sold below asking price last month.

Summary: A total of 1,042 homes were sold or pending in San Antonio in February 2024, up by 8.5% month-over-month. Of the 1,042 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.

Days on Market for San Antonio, TX

How long does it take to sell a home in San Antonio, TX?

Average Sale Time

Feb 2023Feb 2024CHANGE
67 Days73 Days+9.8%

Summary: Homes in San Antonio had an average of 73 days on market in Feb 2024, up by 9.8% compared to last year.

Breakdown of Home Sale Times

331 Homes Were Sold
Under 30 Days

385 Homes Were Sold
In 30 - 90 Days

326 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in San Antonio has remained consistent over time.

Summary: During February 2024, 1042 homes were sold in San Antonio; 32% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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