San Antonio – The latest statistics from the San Antonio Board of REALTORS® Multiple Listing Service (MLS) reveal both challenges and opportunities in the local housing market. The local housing market saw a total of 2,744 sales in September, marking a 15% year-on-year decrease. The average price of homes remained steady at $385,210, showing no significant year-over-year change. While the median price witnessed a 2% year-on-year decrease to $318,950, this figure still indicates a relatively stable market.
“The price per square foot dropped by 3% year-on-year to $180, presenting a potential opportunity for buyers looking for a more favorable price per square foot,” said Sara Briseño Gerrish, SABOR's 2023 Chair of the Board. “The month ended with 4.3 months of inventory available, indicating a balanced market that can be beneficial for both buyers and sellers. Properties spent an average of 64 days on the market, reflecting a 52% year-on-year increase, emphasizing the importance of positioning your property effectively in today's market.
In Bexar County, the housing market remains robust, with 2,183 total sales in September, reflecting a slight 3.7% year-on-year decrease, while the average price shows resilience, inching up by 0.3% to $357,030. The median price stands at $300,000, indicating a 2.5% year-on-year decrease. Buyers can also find potential savings, as the price per square foot decreases by 1.5% to $172. The median home prices in other major Texas counties tell a diverse story of the Lone Star State's real estate market. Travis County presents a higher median price of $500,000, reflecting the tech and cultural hub's strong demand. Harris County, mirrors Bexar County with a median of $300,000, showcasing the metropolitan area's balanced affordability. In Dallas County, the median price sits at $338,500, offering a middle ground for those seeking the allure of urban living.
In the Texas real estate market for September 2023, total sales amounted to 29,472, marking a 7% year-on-year decrease, the average price experienced a steady 1.8% year-on-year increase, reaching $427,574. Conversely, the median price showed a slight 0.9% year-on-year decrease, settling at $345,000. The price per square foot dipped marginally by 0.2%, settling at $189. Homes, on average, spent 47 days on the market, with 3.4 months of inventory offering a balanced market. Sellers continued to benefit from strong demand, receiving 95.7% of their original list price.
SABOR Multiple Listing Service Report: September Home Sales Recap
September 2021 | September 2022 | September 2023 | |
Total Month Sales | 3,627 homes | 3,223 homes | 2,744 homes |
Average Price | $346,936 | $385,100 | $385,210 |
Median Price | $295,000 | $325,500 | $318,950 |
*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