San Antonio, Texas – In December, the San Antonio Board of REALTORS® (SABOR) Multiple Listing Service (MLS) recorded a total of 2,410 sales, reflecting a 3% decrease compared to December 2022.
The average home price in December stood at $373,797, with the median price mirroring this at $319,113. Both figures remained stable with a 0% change, indicating a steady pricing environment in the San Antonio area. The month witnessed a 20% increase in Days on Market (DOM), with properties taking an average of 73 days to sell. The months of inventory stood at 4.3, suggesting a balanced market that accommodates both buyers and sellers.
“The SABOR MLS recorded a significant surge in new listings, with a 19% increase totaling 2,771, said Will Curtis, SABOR's 2024 Chair of the Board. “Active listings also saw a notable uptick, rising by 22% to reach 11,741. Pending listings remained steady with a 0% change, reflecting a consistent level of market activity.”
The breakdown of sales by price bracket reveals that 12% of sales were priced at $199,000 and below, 70.4% fell within the $200,000 - $499,000 range, and 17.6% were priced at $500,000 and above.
Despite a 4% year-over-year decrease in total sales, totaling 1,625 transactions, the Bexar County market demonstrates resilience and adaptability. The average home price in Bexar County stands at $348,362, reflecting a marginal 0.2% year-over-year decrease, while the median price experiences a modest 1.1% decline, settling at $297,250. The price per square foot also shows a measured adjustment with a 1.3% year-over-year decrease. In comparison, Travis County reported a median price of $542,000, Harris County $325,000 and Dallas County at $365,000.
Across Texas, total sales reached 22,119, reflecting a 6.5% decrease year-over-year. Despite this decrease, the market remains robust, supported by a $416,078 average price, marking a 3.6% increase, and a $339,000 median price, demonstrating a 1.2% year-over-year increase. The price per square foot stands at $184, representing a 2.0% year-over-year increase.
SABOR Multiple Listing Service Report: December Home Sales Recap
| December 2021 | December 2022 | December 2023 |
Total Month Sales | 3,532 homes | 2,475 homes | 2,410 homes |
Average Price | $ 359,023 | $ 373,465 | $ 373,797 |
Median Price | $ 305,000 | $ 319,878 | $ 319,113 |
*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