SAN ANTONIO – Home sales in San Antonio may be down slightly from last October, but they’re selling faster and at a higher price, according to the latest data from the San Antonio Board of Realtors, with the median price of a home exceeding $300,000 for the first time ever.
Last month, 3,317 homes sold in the San Antonio area — a 5% decrease from October 2020 (but remember, last October’s sales were up 20% from 2019). The average price of a home increased 16% to $356,071 and the median price was up by 18% to $305,400.
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SABOR said while new listings are increasing, it’s still a seller’s market.
Homes are showing an average of 29 days, that’s compared to 49 days last October. And nearly all of the homes sold — 99.5% — sold at or above the listing price.
“In 2021, we have seen different rhythms and patterns in home sales, but the market has remained strong as we approach the year’s end,” said Cher Miculka, SABOR’s 2021 Chairman of the Board, in a press release. “More home options are available with 2,774 new listings added to the already active 3,968 listings in Bexar County alone.”
Here’s how San Antonio’s October 2021 figures compare to the last two years:
| October 2021 | October 2020 | October 2019 | |
|---|---|---|---|
| Total homes sold | 3,317 (5% decrease) | 3,483 | 2,860 |
| Average price | $356,071 (16% increase) | $306,218 | $277,680 |
| Median price | $305,400 (18% increase) | $259,500 | $235,700 |
Here’s how San Antonio’s October figures compare to sales figures in Bexar County and across Texas:
| October 2021 Home Sales | Homes Sold | Median Price | Average Price |
|---|---|---|---|
| San Antonio | 3,317 (↓ 5% from 2020) | $305,400 (↑ 18% from 2020) | $356,071 (↑ 16% from 2020) |
| Bexar County | 2,438 (↓ 3% from 2020) | $292,000 (↑ 19.2%from 2020) | $334,122 (↑ 17.2% from 2020) |
| Texas | 31,961 (↓ 6.7% from 2020) | $314,900 (↑ 16.6%) | $380,399 (↑ 13.9% from 2020) |