San Antonio – The San Antonio Board of REALTORS® (SABOR) has released its latest monthly housing market report from the Multiple Listing Service (MLS). Despite a slight dip in total sales and pending listings in November, the market remains robust with increased listing and inventory levels.
The San Antonio area saw 2,207 transactions in November 2023, reflecting a 4% year-over-year decrease. Demonstrating consistent growth, the average price stands at $375,845, marking a steady 2% year-over-year increase. Meanwhile, the median price maintained solidity at $313,975, showcasing stability in the pricing spectrum. Experiencing a notable 35% year-over-year increase, properties spent an average of 70 days on the market, with the months of inventory holding at 4.5 months, maintaining a balanced market for buyers and sellers.
“The market's resilience amid changing dynamics is evident through steady pricing trends, increased listings, and a balanced inventory,” said Sara Briseño Gerrish, SABOR's 2023 Chair of the Board. “While there's a marginal decrease in total sales and pending listings, the market continues to offer opportunities across various segments.”
In Bexar County, the average price in November saw a 2.5% increase, reaching $346,662, indicating sustained value appreciation. Meanwhile, the median price experienced a modest 1.7% decrease, resting at $294,975. Metrics like the price per square foot also reflect a slight 1.1% decrease, landing at $166. Properties spent an average of 65 days on the market, showcasing a swift turnover, while the inventory stands at 3.9 months, offering balanced options for buyers and sellers. In comparison, Travis County reported a median price of $535,000, Harris County $320,000, and Dallas County at $375,000.
In the thriving Texas real estate landscape, the latest data showcases a resilient market with nuanced trends. The average price has seen a healthy 1.6% increase, reaching $410,406, reflecting sustained appreciation in property values. Similarly, the median price and price per square foot have experienced slight but positive year-over-year increases of 0.3% and 0.7%, respectively, now standing at $331,499 and $184. Properties are seeing an average of 55 days on the market, demonstrating quick turnover, and with 3.7 months of inventory.
SABOR Multiple Listing Service Report: November Home Sales Recap
| November 2021 | November 2022 | November 2023 |
Total Month Sales | 3,033 homes | 2,293 homes | 2,207 homes |
Average Price | $ 357,292 | $ 369,793 | $ 375,845 |
Median Price | $301,000 | $314,900 | $313,975 |
*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