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 neutral's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

San Antonio is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in San Antonio, TX

How much do homes in San Antonio, TX cost?

Median Sold Price

$294,995

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$10,978(+3.9%)

Key Takeaway

Homes in San Antonio have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in San Antonio was $294,995 in March 2024, up 3.9% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $129.6K$135K
+4.1%
2 $185K$190.2K
+2.8%
3 $265.2K$267.5K
+0.9%
4 $341.9K$349.6K
+2.2%
5+ $460K$451.4K
-1.9%

Summary: San Antonio housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 1.9%.

Median Sold Price Compared To Nearby Cities

Olmos Park
+18.3%
San Antonio
+3.9%
Castle Hills
-1.2%
San Antonio Central
-1.3%

Housing Supply in San Antonio, TX

How many homes are available in San Antonio, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7,6808,536+11.1%

Summary: The San Antonio real estate market had 8,536 homes for sale in March 2024, a 11.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 113138
+22.1%
2 680764
+12.4%
3 3,8144,278
+12.2%
4 2,5352,746
+8.3%
5+ 538610
+13.4%

Summary: The San Antonio housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.1%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 13.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1,1871,307+10.1%

Asking Price vs. Sold Price

767 Homes Were Sold
Under Asking

354 Homes Were Sold
At Asking

186 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. 58.7% of homes here sold below asking price last month.

Summary: A total of 1,307 homes were sold or pending in San Antonio in March 2024, up by 10.1% month-over-month. Of the 1,307 sold homes, 59% were sold under asking, 27% were sold at asking, and 14% 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

Mar 2023Mar 2024CHANGE
66 Days76 Days+15.5%

Summary: Homes in San Antonio had an average of 76 days on market in Mar 2024, up by 15.5% compared to last year.

Breakdown of Home Sale Times

426 Homes Were Sold
Under 30 Days

430 Homes Were Sold
In 30 - 90 Days

451 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 1307 homes were sold in San Antonio; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 35% 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, TX

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