The San Antonio area continues seeing an increase in average and median home prices, that’s according to the Multiple Listing Service (MLS) Report from the San Antonio Board of REALTORS® (SABOR), which reports all areas contained within the MLS. The average home price for September was $389,752, an increase of 12 percent from the same time last year. An increase of 14 percent was also reported for median prices, now at $337,200. For the month of September, homes spent an average of 42 days on the market, an increase of 14 days from 2021. The area also saw an increase in price per square foot, now at $188, which is an increase of 15 percent from last year.
“In total, 3,167 homes sold in September,” said Tracie Hasslocher, SABOR's 2022 Chairman of the Board. “This is the sixth consecutive month where we see a decrease in sales, however 98.3 percent sold for their listing price. Closing the month of September, there were 4,097 new listings, 10,299 active listings and 2,405 pending sales.”
According to the San Antonio-New Braunfels MSA report, 3,242 homes were sold in September, a decrease of 10.2 percent from 2021. The average and median prices also increased by 11.1 and 11.7 percent, respectively. 96.9 percent of homes sold for their listing price and stayed on the market for an average of 43 days. The month closed with 4,015 new listings, 9,680 active listings, and 2,415 pending listings.
Bexar County reported 2,295 homes sold in September, a decrease of 11.9 percent from last year. The price per square foot increased 14 percent to $175 and 96.9 percent of homes sold for their listing price. The average home price for the area increased 12.2 percent to $358,934 and the median price increased 11.1 percent to $310,995. Other major counties in the state also saw increases in average and median prices, however, Bexar County continues to remain the lowest when compared to them. Travis County reported a median price of $575,000, Harris Co. $326,000 and Dallas Co. at $365,000.
Across the state, there were 29,111 homes sold, a decrease of 15.1 percent from September 2021. Average home prices increased by 10.1 percent and median prices by 11.7 percent. Homes stayed on the market for an average of 38 days, with 2.8 months of inventory and 96 percent selling for their list price. The state closed the month with 39,618 new listings, 85,095 active listings, and 25,726 pending sales.