According to the San Antonio Board of REALTORS®, the balanced market is accommodating both buyers and sellers

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.