San Antonio – for the month of October, the San Antonio Board of REALTORS® Multiple Listing Service (MLS) shows the average price of properties held steady with a year-on-year change of 0%, resting at $379,206. Similarly, the median price remained consistent at $319,420, demonstrating stability in the market values. The average residential rental stands at $1,822, maintaining its competitive edge within the region. Despite a marginal 1% decrease year-on-year, the price per square foot remains attractive at $180. Properties stayed on the market for an average of 66 days, marking a notable 47% increase from the previous year.
“The market is characterized by 4.4 months of inventory, reflecting a balanced but slightly increased supply,” said Sara Briseño Gerrish, SABOR's 2023 Chair of the Board. “Moreover, with 93.5% close to the original list price, it indicates a continued alignment between listing and selling prices.”
In Bexar County, October numbers reveal a market holding its ground amidst changing trends. Despite an 11.4% year-on- year decrease in total sales, stability prevails in critical pricing aspects. The average price edges up by 0.5% to $351,562, while the median price sees a slight 0.5% decline, resting at $300,000. In comparison, Travis County reported a median price of $540,000, Harris County $320,000 and Dallas County at $365,000.
In October, the Texas housing market showcased its adaptability amidst evolving trends, maintaining a solid foundation despite a 6.3% decrease in total sales. The market reflects stability in pricing with a 1.9% increase in the average price, now at $416,127, while the median price witnesses a marginal 0.9% decrease, resting at $335,000. Additionally, the price per square foot experiences a slight 0.7% year-on-year increase, settling at $187. With properties spending an average of 52 days on the market and boasting an impressive 94.7% closeness to the original list price, the Texas housing sector remains robust.
SABOR Multiple Listing Service Report: October Home Sales Recap
October 2021 | October 2022 | October 2023 | |
Total Month Sales | 3,266 homes | 3,615 homes | 2,378 homes |
Average Price | $354,454 | $377,721 | $379,206 |
Median Price | $300,000 | $320,000 | $319,420 |
*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