Median home price in San Antonio exceeds $300K for first time ever

Homes sold after an average of 29 days on the market and nearly all at or above asking price

FILE - (AP Photo/Gerry Broome, File) (Gerry Broome, Copyright 2019 The Associated Press. All rights reserved)

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.

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 2021October 2020October 2019
Total homes sold3,317 (5% decrease)3,4832,860
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 SalesHomes SoldMedian PriceAverage Price
San Antonio3,317
(↓ 5% from 2020)
(↑ 18% from 2020)
(↑ 16% from 2020)
Bexar County2,438
(↓ 3% from 2020)
(↑ 19.2%from 2020)
(↑ 17.2% from 2020)
(↓ 6.7% from 2020)
(↑ 16.6%)
(↑ 13.9% from 2020)

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About the Author:

Julie Moreno has worked in local television news for more than 20 years. She came to KSAT as a news producer in 2000. After producing thousands of newscasts, she transitioned to the digital team in 2015. She writes on a wide variety of topics from breaking news to trending stories and manages KSAT’s daily digital content strategy.