The month of April showed a slight cooling in home sales for the San Antonio area. 3,255 homes were sold compared to 3,524 in April 2021, a 7.6 percent decrease. The average home price is now $395,847, a 20 percent increase from last year. The median home price also saw an increase of 23 percent from last year, now at $338,700. April closed with 4,260 new listings, 4,800 active listings, and 3,290 pending sales. All numbers mentioned are according to the Multiple Listing Service (MLS) Report from the San Antonio Board of REALTORS® (SABOR), which reports on all areas contained within the MLS.
“As the year progresses, we continue to see an increase in average and median home prices in the San Antonio area,” said Tracie Hasslocher, SABOR's 2022 Chairman of the Board. “Homes stayed on the market for 31 days, a decrease of 7 days from 2021. 101.9 percent of listings sold for its list price, with 1.4 months of inventory. The price per square foot also increased 23 percent from April 2021.”
The San Antonio-New Braunfels MSA report showed April with a total of 3,308 closed sales, 4,276 new listings, 4,460 active listings and 3,221 pending sales. Days on the market went down to 30 days, compared to 36 days last April. The average price for a home in the area increased to $395,377. The median price also increased to $327,000 from $275,000 last year.
In April, Bexar County reported the average home price for the area increased 16.4 percent to $364,275 and the median price increased 18.5 percent to $314,000. Other major counties in the state also reported an increase in median home prices. Travis County is sitting at $656,000, Harris Co. $337,383, and Dallas Co. at $380,000 in median home prices. In total, 2,302 homes were sold in the Bexar County area. That is a 7 percent decrease from April 2021. 100 percent of homes were sold for list price and the price per square foot increased to $174, up $28 from a year ago.
Across the state, 31,961 homes were sold in April, a 2.4 percent decrease from 2021. The average home sales price increased 16.9 percent to $437,695. The median price increased 19.3 percent to $352,000. The price per square foot increased to $195, a 21.1 percent increase from the previous year. In the month of April, Texas closed with 43,166 new listings, 34,733 pending sales, and 1.3 months of inventory. Across the state, homes spent an average of 30 days on the market, 6 less than in 2021. In total for the month, homes sold for 102.1 percent of their listing prices
For more information, visit www.sabor.com.