As of the latest available data leading into March 31, 2025, here’s an update on real estate sales in San Antonio, Texas, based on trends and insights from recent months:
In October 2024, the San Antonio real estate market experienced a significant uptick in sales activity. According to the San Antonio Board of Realtors (SABOR), home sales in the San Antonio metro area surged by 19% compared to October 2023, with 2,906 homes sold. This marked a notable increase in transaction volume, reflecting strong buyer demand despite broader economic factors like high interest rates. Statewide, Texas saw an 11% increase in home sales year-over-year for the same month, indicating that San Antonio outperformed the state average.
Home prices in San Antonio have shown some variability. The median home sales price in November 2024 was reported at $299,990 by SABOR, a 2% increase from November 2023. However, other sources, such as Zillow, noted a 2.4% drop in annual average home values from 2023 to 2024, with the average home value in the San Antonio metro area pegged at $280,313 as of November 2024.
Earlier in the year, Redfin reported a median sale price of $250,000 in February 2025, down 3.9% from the previous year, suggesting a cooling trend in some segments of the market. Meanwhile, the Texas Real Estate Research Center reported a slight 0.3% increase in the median price to $306,624 in October 2024. These mixed signals indicate that while sales volume is robust, price trends may depend on specific neighborhoods and property types.
Inventory levels have also been a key factor. Active listings in San Antonio remained relatively stable in October 2024 at around 14,000, with no significant month-over-month change reported by the Texas Real Estate Research Center. However, earlier data from February 2024 showed a 12.9% increase in supply compared to January, totaling 7,991 homes for sale, and by mid-2024, the market had a 4.3-month supply, tilting slightly toward a buyer’s market according to U.S. News. This suggests that while inventory has improved, it hasn’t flooded the market, maintaining a balanced dynamic.
Looking ahead, forecasts for 2025 suggest a continued softening of home prices. Local real estate experts cited in various analyses predict a modest decline, with a projected drop of about 1.7% by July 2025, following a 1.3% decrease by October 2024. Zillow’s broader outlook anticipates low and slow home value growth nationally (2.2% for 2025), with San Antonio expected to see fluctuations but potentially aligning with this cooling trend due to increased inventory and moderating demand.
In summary, San Antonio’s real estate sales in late 2024 showed strong growth in volume, particularly in October with a 19% year-over-year increase, though prices have displayed some downward pressure into early 2025. With inventory stabilizing and a slight shift toward buyers, the market remains active but may see more moderate growth or slight declines in home values as 2025 progresses. For the most current month-to-month updates beyond October 2024, local sources like SABOR’s monthly reports would provide the latest specifics as they become available.
As prices soften, we think there will be more undermarket value san antonio properties coming onto the market. Stay tuned for real estate properties in San Antonio on this site soon!