San Antonio, Texas – The latest Multiple Listing Service (MLS) report from the San Antonio Board of REALTORS® (SABOR) reveals encouraging trends in the local real estate market for March 2024. A total of 3,244 homes were sold in March, representing a notable 3% increase compared to 2023. The average home price saw a 2% uptick, reaching $370,824, while the median price remained unchanged at $310,223. The average residential rental price stood at $1,820, maintaining stability in the rental market.
“The average number of days on the market increased by 7% to 79 days, suggesting a slightly longer selling period for properties, compared to March 2023,” said Will Curtis, SABOR's 2024 Chair of the Board. “The months of inventory remained balanced at 4.4, providing a healthy market environment for buyers and sellers alike. New listings surged by 14% to 4,606, while active listings saw a significant 35% increase to 12,495, indicating robust market activity and ample options for buyers.”
While there was a slight decrease of 5.8% in total sales statewide, both average and median prices saw increases. The average price rose by 3.9% to $420,572, and the median price increased by 1.8% to $339,990. Median prices varied across the major counties in Texas with Bexar County at $299,950, Travis County at $545,000, Harris County at $323,000, and Dallas County at $379,995.
| MARCH 2022 | MARCH 2023 | MARCH 2024 |
Total Month Sales | 3,567 homes | 3,142 homes | 3,244 homes
|
Average Price | $ 368,833 | $ 363,062 | $ 370,824 |
Median Price | $ 315,000 | $ 311,286 | $ 310,223 |
*Percentage increases/decreases are based on a year-over-year comparison.
For more information, visit www.sabor.com.
210 Realty Group offers a wide range of Real Estate Services in metro San Antonio to help find your next forever home, sell your current home or expand your investment portfolio. Our agents have years of experience in and around San Antonio and are ready to tackle all your real estate needs. We know that buying & selling can be very stressful, which is why we cater our services to fit your specific needs. Give us a call today and see how 210 Realty Group can streamline the buying and selling process for you. We can help you determine what you should sell your current home for and what is a fair market price for your new home.
Xavier Turpin
210 Realty Group, LLC
Owner | Realtor® | Property Manager
xavier@210realtygroup.com | 210.593.8788