San Antonio housing market: Everything you need to know

Each year, San Antonio attracts new residents and businesses looking for affordable housing, mild winters and no individual or corporate income tax. In fact, according to Census data, the Alamo City had the highest population growth in the U.S. (numerically) between 2020 and 2021.

With median home prices below the national and state averages, San Antonio is one of Bankrate’s best places to live in Texas. If you’re interested in buying or selling property in the city, here’s what to know about its real estate market.

San Antonio housing market overview

After years of consistent increases, housing prices in San Antonio hit their peak in June 2022, with the median sale price of a single-family home reaching $340,000, according to the San Antonio Board of Realtors (SABOR). Prices have fallen since then, but they’re still up year-over-year.

  • As of January 2023, the median price of a single-family home in San Antonio is $308,249, according to SABOR. That’s an increase of 3 percent from the same time last year.

  • SABOR data also shows that the sale-to-list ratio for single-family homes in the city is 93.1 percent. This means that, on average, properties are selling for 93.7 percent of their asking price.
  • Single-family homes spent 66 days on the market in January, which is nearly double year-over-year.

  • There were 1,743 home sales in January, a 30 percent decrease year-over-year.

  • In Texas overall, the average closing costs on a home are $4,548.

Should you buy or sell in the San Antonio housing market?

Deciding when to buy or sell isn’t always easy. Here’s what you should know if you’re thinking about entering the housing market in San Antonio.

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