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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Antonio South is a buyer's market

Buyer's
Market

Difference Since March 2023

Since last year, San Antonio South has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in San Antonio South, TX

How much do homes in San Antonio South, TX cost?

Median Sold Price

$264,991

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$8,503(-3.1%)

Key Takeaway

Homes in San Antonio South have sold for 3.1% less than they did a year ago.

Summary: The median home sold price in San Antonio South was $264,991 in March 2024, down 3.1% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $109.9K$239.9K
+118.3%
2 $200K$196K
-2.0%
3 $259.6K$252K
-3.0%
4 $299.9K$285K
-5.0%
5+ $323.5K$333.9K
+3.2%

Summary: San Antonio South housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 118.3%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 3.2%.

Median Sold Price Compared To Nearby Cities

San Antonio Central
-1.3%
San Antonio South
-3.1%

Housing Supply in San Antonio South, TX

How many homes are available in San Antonio South, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
209183-12.4%

Summary: The San Antonio South real estate market had 183 homes for sale in March 2024, a 12.4% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1718
+5.9%
3 10791
-15.0%
4 6655
-16.7%
5+ 1919
0.0%

Summary: The San Antonio South housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4625-45.7%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Antonio South, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in San Antonio South in March 2024, down by 45.7% month-over-month. Of the 25 sold homes, 60% were sold under asking, 28% were sold at asking, and 12% were sold over asking.

Days on Market for San Antonio South, TX

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

Average Sale Time

Mar 2023Mar 2024CHANGE
62 Days100 Days+61.8%

Summary: Homes in San Antonio South had an average of 100 days on market in Mar 2024, up by 61.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in San Antonio South are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 25 homes were sold in San Antonio South; 32% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 48% 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

Newest Listings in San Antonio South, TX

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