San Antonio sees decline in average, median home prices

The San Antonio real estate market saw a slight decline in both average and median home prices from August 2023 to August 2024.

In a nutshell

According to the latest multiple listing service report by San Antonio Board of Realtors, the average home price for August was $372,024, a 3% decrease compared to 2023, while median home prices experienced a 2% drop from 2023, with a median price of approximately $313,995.

The market also saw a 4% decrease in sales activity compared to a year ago, with a reported 3,017 closed listings in the month of August. According to SABOR, a total of 94.1% of these homes closed at their original list price.

In late August, there were 2,574 pending listings, 4,448 new listings and 14,901 active listings. SABOR reports that the market has approximately 5.26 months of inventory. The length of time listed homes have remained on the market has also increased by 12% compared to last year, with homes spending an average of 65 days on the market.

By the numbers

The Bexar County median home price is the lowest of the largest counties in Texas.